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Commentary

Asleep at the Switch

Yahoo announced that CEO Marissa Mayer will enjoy a $23 million golden parachute after the sale of its core assets to Verizon. This payday does not…

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Anthony LoPinto Anthony LoPinto

Yahoo announced that CEO Marissa Mayer will enjoy a $23 million golden parachute after the sale of its core assets to Verizon. This payday does not include nearly 2.9 million stock options valued at $56.8 million. I have been following Mayer’s performance since she was appointed CEO in 2012, and she has not performed on any level.

Since she took the helm, Mayer failed to deliver cost savings and stem declines in advertising revenue, and Yahoo’s influence in the internet industry continued to wane.  Beyond the Company’s poor performance, on her watch there were recent disclosures that Yahoo suffered two massive security breaches, one in 2014 that hit more than 500 million accounts and another from 2013 that affected more than one billion accounts.

I find the news of Mayer’s payday egregious, and another example of how a company’s Board of Directors is asleep at the switch when a CEO fails to perform. 

Job Listings

HUDSON VALLEY PROPERTY GROUP, LLC
Asset Manager, Associate/Analyst

(NEW YORK, NY) Position will support the development staff and principals of Hudson Valley Property Group by analyzing, monitoring, and reporting on the performance of HVPG’s portfolio. Duties include assisting in the creation of budgets and plans; and making recommendations on operating expense improvements, strategies related to compliance/financing strategies. (Sponsored Job)

SONNENBLICK-EICHNER
Investment Associate/Analyst

(BEVERLY HILLS, CA) Analyst will perform financial analyses and market research, prepare investment or financing memoranda, assist in the marketing of equity and debt transactions, and manage the due diligence process and evaluate potential investment and financing proposals. (Sponsored Job)

ACKMAN-ZIFF REAL ESTATE GROUP, LLC
Associate – Capital Markets

(NEW YORK, NY) Position will be a member of the transaction execution team and will work closely with senior management to provide clients with the most attractive capital solutions available in the market. Responsibilities include underwriting analysis using discounted cash flow analysis, income capitalization, leveraged IRR and comparable sales and cost analysis; and offering memoranda and marketing materials including detailed market studies, cash flow analysis, transaction highlights and project descriptions.

GRACE DEVELOPMENT
CFO
(NASHVILLE, TN) Position will manage a large portfolio of real estate assets; keep financial records of 50+ entities with complex and diverse ownership structures; and create budgets and financial outlooks for assets under management as well as participating in the evaluation of new acquisitions.

TELESIS CORPORATION
Financial Analyst
(DAWSONVILLE, GA) Analyst will be responsible for managing and analyzing data from operations of a current portfolio and to help in the evaluation of new opportunities; prepare detailed proforma models related to the acquisition and asset management of multifamily real estate; and evaluate potential real estate acquisition opportunities and strategies.

PM REALTY GROUP
Assistant Property Manager/Admin
(HOUSTON, TX) Position will provide administrative support for the Regional Director, assist onsite Property Managers, and perform functions of an Assistant Property Manager.

STARPOINT PROPERTY MANAGEMENT, LLC
Sr. Acquisition Analyst – Multi-Family

(BEVERLY HILLS, CA) Analyst will investigate and underwrite potential multi-family development and investment opportunities, perform due diligence activities, interact with lenders and investment partners, and facilitate purchase transactions.

COLLIERS INTERNATIONAL
Executive Managing Director

(NEW YORK, NY) Director will be responsible for leading new business development mainly focused on the NY Tri-State region, but also the Eastern US and Eastern Canada for Corporate Solutions | Americas (CS). Role will achieve revenue targets by securing new client contracts and expanding and renewing existing contracts, often in collaboration with Colliers brokers and leadership, as a part of the Occupier Services platform and on global pursuits with the CS team.

Anthony J. LoPinto ›

Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.

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Contact Anthony J. LoPinto

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Asleep at the Switch | GlobeSt.com
ALM Real Estate Media Group|GlobeSt.com|Real Estate Forum|RealShare Conference Series

Commentary

Asleep at the Switch

Yahoo announced that CEO Marissa Mayer will enjoy a $23 million golden parachute after the sale of its core assets to Verizon. This payday does not…

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Anthony LoPinto Anthony LoPinto

Yahoo announced that CEO Marissa Mayer will enjoy a $23 million golden parachute after the sale of its core assets to Verizon. This payday does not include nearly 2.9 million stock options valued at $56.8 million. I have been following Mayer’s performance since she was appointed CEO in 2012, and she has not performed on any level.

Since she took the helm, Mayer failed to deliver cost savings and stem declines in advertising revenue, and Yahoo’s influence in the internet industry continued to wane.  Beyond the Company’s poor performance, on her watch there were recent disclosures that Yahoo suffered two massive security breaches, one in 2014 that hit more than 500 million accounts and another from 2013 that affected more than one billion accounts.

I find the news of Mayer’s payday egregious, and another example of how a company’s Board of Directors is asleep at the switch when a CEO fails to perform. 

Job Listings

HUDSON VALLEY PROPERTY GROUP, LLC
Asset Manager, Associate/Analyst

(NEW YORK, NY) Position will support the development staff and principals of Hudson Valley Property Group by analyzing, monitoring, and reporting on the performance of HVPG’s portfolio. Duties include assisting in the creation of budgets and plans; and making recommendations on operating expense improvements, strategies related to compliance/financing strategies. (Sponsored Job)

SONNENBLICK-EICHNER
Investment Associate/Analyst

(BEVERLY HILLS, CA) Analyst will perform financial analyses and market research, prepare investment or financing memoranda, assist in the marketing of equity and debt transactions, and manage the due diligence process and evaluate potential investment and financing proposals. (Sponsored Job)

ACKMAN-ZIFF REAL ESTATE GROUP, LLC
Associate – Capital Markets

(NEW YORK, NY) Position will be a member of the transaction execution team and will work closely with senior management to provide clients with the most attractive capital solutions available in the market. Responsibilities include underwriting analysis using discounted cash flow analysis, income capitalization, leveraged IRR and comparable sales and cost analysis; and offering memoranda and marketing materials including detailed market studies, cash flow analysis, transaction highlights and project descriptions.

GRACE DEVELOPMENT
CFO
(NASHVILLE, TN) Position will manage a large portfolio of real estate assets; keep financial records of 50+ entities with complex and diverse ownership structures; and create budgets and financial outlooks for assets under management as well as participating in the evaluation of new acquisitions.

TELESIS CORPORATION
Financial Analyst
(DAWSONVILLE, GA) Analyst will be responsible for managing and analyzing data from operations of a current portfolio and to help in the evaluation of new opportunities; prepare detailed proforma models related to the acquisition and asset management of multifamily real estate; and evaluate potential real estate acquisition opportunities and strategies.

PM REALTY GROUP
Assistant Property Manager/Admin
(HOUSTON, TX) Position will provide administrative support for the Regional Director, assist onsite Property Managers, and perform functions of an Assistant Property Manager.

STARPOINT PROPERTY MANAGEMENT, LLC
Sr. Acquisition Analyst – Multi-Family

(BEVERLY HILLS, CA) Analyst will investigate and underwrite potential multi-family development and investment opportunities, perform due diligence activities, interact with lenders and investment partners, and facilitate purchase transactions.

COLLIERS INTERNATIONAL
Executive Managing Director

(NEW YORK, NY) Director will be responsible for leading new business development mainly focused on the NY Tri-State region, but also the Eastern US and Eastern Canada for Corporate Solutions | Americas (CS). Role will achieve revenue targets by securing new client contracts and expanding and renewing existing contracts, often in collaboration with Colliers brokers and leadership, as a part of the Occupier Services platform and on global pursuits with the CS team.

Anthony J. LoPinto ›

Tony LoPinto is the Global Sector Leader of Korn Ferry’s Real Estate Practice and founder of SelectLeaders. For the past 18 years LoPinto has been serving his clients with deep knowledge and perspective on talent needs and organizational challenges to public and private companies – knowledge gained from a 25-year career in real estate. Prior to his current position, he founded and served as chief executive officer of a boutique real estate executive search firm, where he oversaw offices in New York, Chicago, Washington, DC, San Francisco and Los Angeles. He has successfully led several high profile search engagements for chief executive officers, directors and a wide-range of executive level positions across all industries and sectors. He earned a Bachelor of Arts degree in European history from Loyola University in Chicago.

More articles by this author ›

Contact Anthony J. LoPinto

Featured Content

Home Price Gains Reach 31-Month High

NEW YORK CITY—“Tight supplies and rising prices may be deterring some people from trading up to a larger house,” says David M. Blitzer at S&P Dow Jones Indices.

Commentary

Bottom Fishers

We have commented over the past few months about the accelerating trend toward online retailing and its significant impact on the mall sector, especially…

Handling Environmental Issues When Selling

SAN DIEGO—By acting proactively, building owners are likely to resolve any concerns over potential hazardous waste and can avoid unnecessary time and expenses, Lee & Associates’ Peter Merz tells GlobeSt.com.

How Much Longer Can the Bull Market Last?

SAN DIEGO—While the next several years will most likely reflect very strong performance, almost every conversation at MBA CREF touched on the uncertainty of how much longer the positive trend will continue, Meridian’s Seth Grossman tells GlobeSt.com.