- REUTERS/Elijah Nouvelage
Marissa Mayer just delivered Yahoo’s quarterly-earnings results for the 18th time since she was appointed CEO exactly four year ago.
With Yahoo up for sale, it’s reasonable to wonder whether there will be a 19th or 20th earnings conference call with Mayer at the helm.
She did not provide an update on the sales process, even though the final round of bids for groups interested in buying Yahoo are reportedly due on Monday.
Instead, she stuck to walking investors through another lackluster set of quarterly results.
But after summing up the quarter’s highlights, Mayer launched into what sounded a lot like a farewell speech.
“I want to share a few closing thoughts,” Mayer said, noting that since taking the reins, “we set forth a plan to return this iconic company to growth over multiple years.”
The 41-year-old CEO, who was hired from Google four years ago to revitalize the struggling web company, proceeded to defend her track record and insisted that the company was in a better position than when she took control.
“We took a hard, honest look at where we were and where we wanted to be and have taken necessary steps to get there,” Mayer said. Yahoo’s business has been dramatically simplified, its bloated headcount brought back to 2005 levels and its portfolio of online products “refreshed,” she continued.
“I remain confident these are the right steps to create a better Yahoo,” Mayer said.
Despite what she called a lot of “distractions and uncertainty,” she praised Yahoo’s employees for remaining focused.
“As we work to conclude the strategic alternatives process, this groundwork will serve as a solid foundation for Yahoo’s next chapter.”