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Not to be confused with Marissa Meyer.
Marissa Mayer, 2014
|Born||Marissa Ann Mayer
May 30, 1975
Wausau, Wisconsin, United States
|Residence||San Francisco and Palo Alto, California, United States|
|Alma mater||Stanford University (B.S. & M.S.)|
|Occupation||President & CEO, Yahoo!
Computer programming instructor, Stanford University
|Salary||$117 million over 5 years; $36.6 million for first six months.|
|Net worth||$300M USD|
Board member of
|Cooper–Hewitt, National Design Museum
New York City Ballet
San Francisco Ballet
San Francisco Museum of Modern Art
|Spouse(s)||Zachary Bogue (2009–present)|
Early life and educationMayer was born in Wausau, Wisconsin, the daughter of Margaret Mayer, an art teacher of Finnish descent, and Michael Mayer, an environmental engineer who worked for water companies. After her 1993 graduation from Wausau West High School, Mayer was selected by Tommy Thompson, then the Governor of Wisconsin, as one of the state's two delegates to attend the National Youth Science Camp in West Virginia.
Mayer graduated with honors from Stanford University with a B.S. in symbolic systems and an M.S. in computer science. For both degrees, her specialization was in artificial intelligence. In 2009, the Illinois Institute of Technology granted Mayer an honoris causa doctorate degree in recognition of her work in the field of search.
Mayer interned at SRI International in Menlo Park, California, and Ubilab, UBS's research lab based in Zurich, Switzerland.
Yahoo!On July 16, 2012, Mayer was appointed President and CEO of Yahoo!, effective the following day. She is also a member of the company's board of directors.
In 2013, Mayer ranked 32 in the Forbes Magazine's List of The World's 100 Most Powerful Women. Also in 2013, Mayer became the first woman listed as number one on Fortune magazine's annual list of the top 40 business stars under 40 years old. In 2014, she was listed again as one of the 100 most influential women in the world. She was ranked at #18, behind Beyonce Knowles.
In an effort to simplify the bureaucratic process and "make the culture the best version of itself", Mayer launched a new online program called PB&J. PB&J collects employee complaints, as well as their votes on problems in the office; if a problem generates at least 50 votes, online management automatically investigates the matter.
In February 2013, Mayer oversaw a major personnel policy change at Yahoo! that required all remote-working employees to convert to in-office roles. Having worked from home toward the end of her pregnancy, Mayer returned to work after giving birth to a boy, and had a nursery built next to her office suite—Mayer was consequently criticized for the telecommuting ban.
In April 2013, Mayer changed Yahoo!'s maternity leave policy, lengthening its time allowance and providing a cash bonus to parents. CNN noted this was in line with other Silicon Valley companies, such as Facebook and Google.
On May 20, 2013, Mayer led Yahoo! to acquire Tumblr in a 1.1 billion dollar acquisition. The acquisition was just one in a series of major purchases that occurred since Mayer became the CEO of the company. In July 2013, Yahoo! reported a fall in revenues, but a rise in profits compared with the same period in the previous year. Reaction on Wall Street was muted, with shares falling 1.7%. In September 2013, it was reported that the stock price of Yahoo! had doubled over the 14 months since Mayer's appointment.
In November of 2013, Mayer instituted a performance review system based on a bell curve ranking of employees, suggesting that managers rank their employees on a bell curve, with those at the low end being fired. Employees complained that some managers were viewing the process as mandatory.
Boards and honorsAs well as sitting on the boards of directors of Walmart, Jawbone, and Yahoo! Mayer also sits on several non-profit boards such as Cooper–Hewitt, National Design Museum, New York City Ballet, San Francisco Ballet, and San Francisco Museum of Modern Art.
Mayer actively invests in technology companies, including crowd-sourced design retailer Minted, live video platform Airtime, and mobile payments processor Square.
Mayer was named to Fortune magazine's annual list of America's 50 Most Powerful Women in Business in 2008, 2009, 2010, 2011, 2012 and 2013 with ranks at 50, 44, 42, 38, 14 and 8 respectively. In 2008, at age 33, she was the youngest woman ever listed. Mayer was named one of Glamour Magazine's Women of the Year in 2009.
She was listed in Forbes Magazine's List of The World's 100 Most Powerful Women in 2012 and 2013, with ranks of 20 and 32 respectively.
In September 2013, Mayer became the first CEO of a Fortune 500 company to be featured in a Vogue magazine spread. In 2013, she was also named in the Time 100 and became the first woman listed as number one on Fortune magazine's annual list of the top 40 business stars under 40 years old. Mayer eventually made Fortune magazine history in 2013, as the only person to feature in all three of its annual lists during the same year: Businessperson of the Year (No. 10), Most Powerful Women (at No. 8), and 40 Under 40 (No. 1) at the same time.
Personal lifeMayer dated Google co-founder Larry Page in the early 2000s.
Mayer married lawyer and investor Zachary Bogue on December 12, 2009. On the day Yahoo! announced her hiring, Mayer revealed that she was pregnant and Mayer gave birth to a baby boy on September 30, 2012. Although she asked for suggestions via social media, the name Macallister was eventually chosen for her baby's name from an existing list.
Mayer is Lutheran, but said, referencing Vince Lombardi's "Your God, your family and the Green Bay Packers" quote, her priorities are “God, family and Yahoo, except I'm not that religious, so it's really family and Yahoo.” In August 2013, Business Insider reported that Mayer lives in a penthouse suite at the Four Seasons Hotel in San Francisco with her husband and son.