Without a doubt Marissa A. Mayer should be crowned outstanding CEO of the year.
Since Yahoo hit a 52 week low on 09/04/12 of $14.59, shares have marched forward to a +61.27%.
Incredible result for only being CEO since 07/24/12 What an amazing turnaround story.
This is just the beginning.
CEO of the year???lol She hasn't really did anything! She's cleaned out the executive suite, put in her own people, and made a few acquisitions. In the last earnings, they forecasted DOWN in revenue for the year as well as an exponential increase in stock options they'll be handing out. As for the stock rise, its part FAITH in her getting these results that she hasn't gotten yet and the fact they are buying back shares in droves to make a dent to shares outstanding. Add in the fact the Yahoo Japan stake has gone up $2.5B and whatever the AG IPO adds you'll see she didn't do a whole lot.
$2.50 gain to share price- from Yahoo reducing share count 10%
$2.00 gain- from Yahoo Japan increasing in value
$2.00 gain- Increasing likelihood of IPO and additional reduction of shares from the billions gained when sold
$1.00 gain- Faith in Marissa Mayer turning the company around
$1.00 gain- Bandwagon jumpers who've seen the stock head north technically so hopped on
$500.00 gain- cause she got rid of those pesky tele-commuters even though its the future of the job market.lol