Lawsuit: Yahoo CEO tried to get rid of male employees

Discussion in 'Wall St. News' started by nitro, Oct 7, 2016.

  1. nitro

    nitro

    Lawsuit: Yahoo CEO tried to get rid of male employees
    Antonio José Vielma | @AJ_Vielma
    1 Hour AgoCNBC.com

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    Noah Berger | Bloomberg | Getty Images
    A pedestrian street crossing sign stands at Yahoo headquarters in Sunnyvale, California.

    Yahoo CEO Marissa Mayer led a secret campaign to purge the company of male employees, according to a lawsuit filed in San Jose District Court this week.

    Scott Ard, a media executive who worked for Yahoo for about three and a half years until he was fired in January 2015, alleged in the lawsuit that "Mayer encouraged and fostered the use of [an employee performance-rating system] to accommodate management's subjective biases and personal opinions, to the detriment of Yahoo's male employees."

    Yahoo spokesperson Carolyn Clark told CNBC on Friday the lawsuit has no merit, saying, "fairness is a guiding principal of [the company's] annual review and reward process."

    "With the unwavering support of our CEO we are focused on hiring employees with broad and varied backgrounds, and perspectives," she said. "As we have stated in the past, the quarterly performance review process is not only fair, but has improved our overall performance."

    The complaint said quarterly performance reviews were implemented by Mayer in August 2012, shortly after becoming president and CEO of the company. Managers would assign each of their employees a quarterly rating on a scale of zero to five points, based on their performance.

    The lawsuit argued that during a second step of the review process, called "calibration," higher-level management would modify employee ratings, despite having little to no actual contact with the employee. The suit further alleged that employees were never told their actual numeric rating, or how it had been determined...

    http://www.cnbc.com/2016/10/07/lawsuit-yahoo-ceo-tried-to-get-rid-of-male-employees.html
     
  2. When i used to work at transportation! company,i was the only man among about 20 females.They knew more about concrete and metals and stuff more then myself.
     
  3. She ran the company into the ground. They had a chance to buy Ebay, and they were not able to make the deal. Then they had a chance to sell to Microsoft at a much higher price and they were not able to do that either. They failed at keeping 500 million user accounts from being hacked. What they need to do to her is like what is happening at Wells Fargo, most of her compensation should be clawed back and if the lawsuit is successful, she needs to also personally pay for that out of her own pocket.
     
  4. Mayer is a disaster....and that pretty face doesn't help her make tough business decisions.
    I would not put it past her to be female-biased.

    Guys - Welcome to the new world of female domination !! We are about to have a female president. Time to batten the hatches and expect the worse.
     
  5. It makes ya wonder what Google saw in her (or didn't see) that prevented her from moving up.

    Hell Hath No Fury Like A Woman Scorned ?
     
  6. And....let me add to that....
    Hell Hath No Fury Like A Woman Scorned or Not Scorned !!
     
    lawrence-lugar likes this.