Altaba, what will be left of Yahoo, filed documents with the SEC regarding Marissa Mayer’s replacement, Thomas McInerney. McInerney’s salary is $2,000,000 a year, which is twice what Mayer’s current salary is.
Same job, double the salary, fair? Unfair?
Newsweek’s headline: Gender Pay Gap, Marissa Mayer’s Yahoo Replacement to Make Double Her Salary
Fortune’s headline: Yahoo’s New Male CEO Will Make Double Marissa Mayer’s Salary
Perez Hilton’s headline: Gross! The Man Replacing Marissa Mayer As Yahoo CEO Is Getting Paid TWICE AS MUCH!
While I don’t put Perez Hilton in the same category as Newsweek or Fortune, the sentiment is running all over the internet. But different salaries don’t mean illegal discrimination. They mean different people. Replacing one CEO with another isn’t like replacing one cashier with another. They are substantially different people with substantially different backgrounds and taking on substantially different jobs. Which means the salaries shouldn’t be the same.
To keep reading, click here: Marissa Mayer’s Replacement, Thomas McInerney, Will Earn Twice Her Salary. Good for McInerney.