I’ve told the story many times here before but it bears repeating in the light of this post. When I lived on MVY and worked at the Gazette, the paper was in a position of hiring one person and the decision of where, either the editorial side or the advertising side, was to be made by my boss, Dick Reston. Holding down the advertising side alone, no assistant, I thought it was only appropriate I be given the new employee – after all I brought in the income to pay everyone.
I lobbied my case but made one fatal rookie mistake – I didn’t understand the concept that I was NOT irreplaceable. I said that if I was not given the assistant, I would leave.
This is what I saw next….
With egg on my face, I was let go, rightfully so for making demands and assuming MY talent was singular to the organization. Win some lose some.
Now, back to Marissa Mayer, who took Yahoo, once an internet giant, from $125billion company to being worth less than $5b, thanks mostly to her sheer incompetence, stands to be given over $50m in severance pay package, the WSJ article adding she’s not expected to join Verizon. [Ed note: that was a really long sentence, sorry!]. Like Verizon would want to hire a woman who dragged down Yahoo, pulverized it even? So much for women CEOs being the be-all end-all. She was the end-all alright, of her company and all the acquisitions she made thast were bad choices.
But Mayer gets the last laugh, walking away financially unscathed. She’ll start her own company or some foundation to help female CEOs, or hey, maybe she’ll be hired by The Hillary Clinton Campaign, but I hope she’s not hireable in the real world.
The only thing she did right was not say she’d quit if her demands were not met.