Marissa Mayer

DEFINITION of 'Marissa Mayer'

Marissa Mayer, the CEO of Yahoo as of 2014, was born in 1975 in Wausau, Wisconsin. She attended Stanford, where she earned a bachelor’s degree in symbolic systems and artificial intelligence and a Master’s degree in computer science with an emphasis on artificial intelligence. While there, she also taught computer science to thousands of undergraduate students and received awards for her teaching. Mayer also holds an honorary doctorate in engineering from the Illinois Institute of Technology.

After graduating, Mayer received numerous job offers and chose to begin her career at Google in 1999 as the company’s 20th employee. She worked there until 2012 as an engineer, designer, product manager and executive and held several vice president positions in different departments. Initially, she worked on high-profile projects like the site’s homepage, but later appeared to be demoted to the seemingly less important Google Maps. Still, in her 13 years at the company, she accomplished a great deal. She also worked on Google Earth, Street View, Search, Gmail and Google News during her tenure. She was in charge of approving the unique Google doodles on the site’s home page. She also founded a program at Google that is recognized as an industry standard for developing computer science graduates into executives. Some of her work at Google led to her being named as an inventor on several patents.

When she left Google to become CEO of Yahoo at age 37, the position was expected to go to Yahoo’s then-interim CEO Ross Levinsohn. At the time, the company was performing poorly and she was its fifth CEO in as many years. One year after Mayer took over, Yahoo’s stock price had doubled, and she earned nearly $25 million in salary and stock options for her work in 2013. Fortune magazine included her on its 40 Under 40 list in 2013 for her accomplishments as a business leader. It also named her to its 50 Most Powerful Women in Business list.

Mayer is married and has a son. She has served as a director on several boards, including Yahoo, Aliph, Walmart, the San Francisco Museum of Modern Art and the New York City Ballet. 

Mayer is also known for putting the customer experience before pleasing shareholders and for eliminating a Yahoo policy that allowed employees to work from home.

BREAKING DOWN 'Marissa Mayer'

RELATED TERMS
  1. Continuing Care Retirement Community

    A residential facility providing meals, healthcare and social ...
  2. Carla Cico

    A former CEO of Brasil Telecom and the first women to serve as ...
  3. Line Of Business Limitations

    A federal income tax rule applied to fringe benefits that employers ...
  4. Price Target

    1. A projected price level as stated by an investment analyst ...
  5. Losing Your Shirt

    In the investment world, this expression is used to describe ...
  6. Ann S. Moore

    Has served as the chairman and CEO of magazine company Time, ...
Related Articles
  1. Investing News

    Eric Jackson Wants to Fire Marissa Mayer

    Activist investor Eric Jackson wants Yahoo CEO Marissa Mayer out.
  2. Investing News

    Marissa Mayer's Strategic Plan Has 2 Major Flaws (YHOO)

    Two reasons why Marissa Mayer's plans for a turnaround at Yahoo will fail
  3. Investing News

    Will Yahoo! Earnings Hasten Breakup Plans?

    With Marissa Mayer seemingly more interested in turning the company around instead of breakup, Yahoo!'s chronic restructuring style is likely to continue.
  4. Investing News

    Calls for Marissa Mayer's Ouster Become Louder

    The chorus for Yahoo CEO Marissa Mayer's head is getting louder. Why?
  5. Stock Analysis

    Yahoo Reports Mediocre Earnings; Share Price Falls (YHOO)

    Another less-than-stellar quarter has Yahoo looking to cut costs and convince investors it's capable of substantial growth.
  6. Investing News

    Microsoft May Back Private Equity Bid for Yahoo (MSFT, YHOO)

    Microsoft Corp. (NASDAQ: MSFT) is meeting with private equity firms that are interested in making a bid for Yahoo Inc. (NASDAQ: YHOO), Re/code reported Thursday, suggesting the tech giant may ...
  7. Fundamental Analysis

    Yahoo, Google Back Together in Search Deal

    Google and Yahoo have signed a search deal yet again. The question is whether this one will stick.
  8. Investing

    The 10 Highest-paid Women in 2015

    The 10 highest paid women of 2015 earned a combined $546.1 million dollars. Here is a look at the women that made the list.
  9. Investing News

    The 5 Highest Paid Executives in the Information Technology Sector (MSFT, ORCL)

    Discover the identity of the highest paid executives in the information technology sector, and how their successful and lucrative careers have progressed.
  10. Stock Analysis

    How Yahoo (YHOO) Makes Money (For Now)

    Most of Yahoo’s current business model might sound redundant, but it remains the 5th most popular web site in the world. Here's how it generates revenue.
RELATED FAQS
  1. Can my wife collect spousal benefits while deferring hers?

    I'm 73 and started collecting SS benefits at age 62 1/2, my wife is 63 and not collecting benefits... Read Answer >>
  2. After fully contributing up to allowable limits in a company sponsored 401k, can ...

    My daughter just inherited some life insurance in a lump sum ($50,000). She contributes 25% of her paycheck to a workplace ... Read Answer >>
  3. Should my mother roll her IRA into a fixed annuity?

    My 88 year old mother has an IRA account of roughly $200K. She is being advised to roll it into a fixed annuity.  ... Read Answer >>
  4. Janet Spears is planning to retire in 7 years and plans to start saving $15,000 ...

    The correct answer is: a) Step 1: How much will she have accumulated her wealth by the time she retires Read Answer >>
  5. What are the main differences between Yahoo! Stocks Screener and Google Stock Screener?

    Review the advantages and disadvantages of the free, interactive web-based stocks screeners provided by Google Finance and ... Read Answer >>
  6. Can my wife collect off of my SSA or SSI while I’m still alive?

Hot Definitions
  1. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  3. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  4. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  5. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
Trading Center