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Gross! The Man Replacing Marissa Mayer As Yahoo CEO Is Getting Paid TWICE AS MUCH!

Marissa Mayer

This is the world we live in.

In another example of a man being valued more than a woman for the same position — it's been revealed that Yahoo's new male CEO, Thomas McInerney, will make double that of current head honcho Marissa Mayer's salary.

It's important to note Mayer was extremely criticized for her inability to turn the company around following that hacking scandal — but you should also understand that McInerney won't have nearly as many responsibilities as Mayer did, as Yahoo just made a deal with Verizon, and will essentially just become a "mutual fund."

Related: Tess Holliday Addresses Victoria's Secret's Unrealistic Standards

Fortune reports:

"McInerney will collect a paycheck for what may practically be a no-show job. After all, the company that McInerney will run will not be an operating business like the one Yahoo is today, but rather an investment company not all that different from a mutual fund. In fact, Yahoo has already begun referring to the future version of itself, which will be renamed Altaba, as simply 'the Fund.'"

As far as numbers go, although Mayer will be seeing a $23 million severance package, McInerney's offer letter reveals he will make $2 million base salary per year (compared to Mayer's $1 million), plus his annual bonus and "long term incentive reward."

Sigh.

For more details surrounding the obvious pay gap and the direction Yahoo is headed, click HERE.

It's 2017, people!!!

[Image via Rob Rich/WENN.]

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Yahoo To Buy Tumblr For BIG Buck$!!

Filed under: Business Blitz

yahoo tumblr(1)

It's official!

Internet staple Yahoo has agreed to buy the ever-popular blogging site, Tumblr, for a whopping $1.1 billion!!

That price tag makes this major deal the LARGEST acquisition of a social media company in YEARS, overshadowing Facebook's $1 billion purchase of Instagram last year.

The purchase was made by Yahoo chief executive Marissa Mayer in an effort to make the fading company appeal to a younger crowd.

With over 108 million blogs, Tumblr will (hopefully) push Yahoo into the forefront of the social networking and smart phone revolution.

But don't worry guys! Your fave blogging site will not change TOO much.

In an open letter to loyal followers, Tumblr founder David Karp said:

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