Marissa Mayer at Techcrunch Disrupt 2014

TechCrunch

General


Henrique De Castro is a very, very rich man today thanks to the little more than a year he spent at Yahoo as its COO before being shown the exit in January.

So who was at fault for such a big-name hire turning into such an expensive disaster — De Castro or CEO Marissa Mayer?

At TechCrunch’s Disrupt conference today, Mayer first offered the standard “not a fit” explanation, when asked if his hiring was her biggest mistake to date. But Mayer also eventually shouldered the blame for what many ad industry observers saw as a bad idea from the start.

“There were issues there that I potentially created, and it was important for me to fix them,” she said.

Of course, that one little answer also made it clear once again that De Castro didn’t walk on his own — he was axed.

But as onstage interviewer Michael Arrington observed, De Castro is “probably doing quite well.” Indeed.




7 comments
Bahmani
Bahmani

Remind me the next time I make a 15-month $58 Mil mistake, to say, "My bad...". I guess it could be worse, she could have said, "Oops, heh heh heh..." Now watch as she "steps up" to take credit for Alibaba's IPO. meanwhile, has no one noticed that Yahoo's biggest success, involves the "monetization of a high traffic website". Apparently Yahoo can't seem to figure out how to do what Yahoo is in the very process of doing, without knowing that they are actually doing it!

Filip
Filip

Given this huge lack of judgement coupled with her inability to show any growth in their core business in spite of over paying for non performing acquisitions, shareholders should demand every penny of the cash from the Alibaba's IPO. She hasn't shown she can be trusted with this capital.

TheoLongo
TheoLongo

Normally, one doesn't get to make mistakes of this magnitude without playing the price. Reveals just how &%$#ed up boards are these days.  

As for MM, she did a few cool things at Google. But she's not doing her job at Yahoo! Next.

marcv
marcv

If she had such horrific judgement with deCastro what else does she have horrific judgement with?  Maybe the entire Yahoo strategy?  One has to wonder.  That much cash and a call that bad on a hire is nothing minor.   

rutterslo
rutterslo

Who in the ad industry thought he was "a bad fit from the start"? And why did they think he was a bad fit?

elio_enidias
elio_enidias

Her response is about as middling as you can get.

Lisha
Lisha

@Filip She's put Yahoo on a large buying spree, but hasn't actually turned the key business and bottom line of her company around, now several years later. Yahoo - cheesy new logo aside - is still the same stodgy, boring, old-school-internet bumble it used to be.

Buying Tumblr was a huge mistake, spending $30 on Sumly was a waste, hiring Henrique and then castrating his ability to actually bring about change was an error... she appears to go from one poorly conceived blunder to the next with no successes in between.

Wow, she used to work at Google - she may have been great there, but doesn't apparently seem to have much in the way of business leadership.

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