Marissa Mayer

AAA

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.

INVESTOPEDIA EXPLAINS 'Marissa Mayer'

RELATED TERMS
  1. Sergey Brin

    Sergey Brin is best known as the co-founder of Google.
  2. Amancio Ortega

    Spaniard Amancio Ortega founded the world’s largest fashion ...
  3. Christy Walton

    Christy Walton is one of the world’s wealthiest people, with ...
  4. Sheldon Aldeson

    Sheldon Aldeson, chairman and CEO of Las Vegas Sands Corp., is ...
  5. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online ...
  6. Ann S. Moore

    Has served as the chairman and CEO of magazine company Time, ...
Related Articles
  1. Muriel Siebert: Female Finance Pioneer
    Investing Basics

    Muriel Siebert: Female Finance Pioneer

  2. How To Use The Top Yahoo! Finance Tools
    Fundamental Analysis

    How To Use The Top Yahoo! Finance Tools

  3. Yahoo! Finance Vs. Google Finance: Which ...
    Investing Basics

    Yahoo! Finance Vs. Google Finance: Which ...

  4. Don't Believe The Hype About A Yahoo ...
    Stock Analysis

    Don't Believe The Hype About A Yahoo ...

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center