Google’s (Nasdaq:GOOG) Marissa Mayer becomes Yahoo’s (Nasdaq:YHOO) new chief. Marissa Mayer resigned by phone on Monday which is like today and will start tomorrow Tuesday at Yahoo. Clearly a great opportunity for Marissa Mayer. I imagine Google must or should feel a sense of loss. Marissa Mayer will also serve on Yahoo’s board of directors. She also sits on Wal-Marts (NYSE:WMT) board.
Does Google have non compete clauses in their employment contracts. Like maybe they should. How will Google stem the flow of excellent talent to parts unknown. You have to believe Marissa Mayer will be fingering a few top Google exec’s for lucrative positions at Yahoo. You can probably make more money moving Yahoo’s stock than Google’s stock.
In any event she cannot help what she knows about Google. Google may decide to not sue or interfere with the new employment contract. But others lets just call them third-party litigators may see an opportunity to line their pockets with substantial fees.
So Google where are all your executives and who are they talking to?
George Gutowski writes from a caveat emptor perspective.
- Marissa Mayer is Yahoo’s New CEO (mashable.com)
- Yahoo names Google exec Marissa Mayer as new CEO, passing over Ross Levinsohn (mercurynews.com)
- Meet Marissa Mayer, Yahoo’s New CEO (zerohedge.com)
- Longtime Google Exec Marissa Mayer Is Yahoo’s New CEO (techcrunch.com)