Marissa Mayer tells us a lot about why Americans are so angry, and why anti-establishment fury has become the biggest single force in American politics today. Mayer is CEO of Yahoo. Yahoo’s stock lost about a third of its value last year, as the company went from making $7.5 billion in 2014 to losing $4.4 billion in 2015. Yet Mayer raked in $36 million in compensation. Even if Yahoo’s board fires her, her contract stipulates she gets $54.9 million in severance. In other words, Mayer can’t lose. It’s another example of no-lose socialism for the rich — winning big regardless of what you do. Why do Yahoo’s shareholders put up with it? Mostly because they don’t know about it.
2017 01 24