In December 1999, Intuit Inc. (makers of QuickBooks, TurboTax, and Quicken) purchased Rock Financial for $532M. The company was renamed Quicken Loans. In June 2002, Gilbert led a small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit for just $64M.[8]
https://en.wikipedia.org/wiki/Quicken_Loans#History
She gets more press than most CEOs but Yahoo was in trouble before she took over. She might not be great but there are probably more overrated CEOs
There is no shortage of train wreck deals out there, that's for sure. What struck a nerve with me recently was Meyer's defense of them. It wasn't even "defense", just insistence that she and the rest of management are awesome simply because she says so, despite a mountain of actual evidence that says the opposite. I see this crap all the time, some exec armed with nothing other than their word or excitement or insistence telling me everything's just super without any articulation. Here was her chance to somewhat redeem herself and instead she fell right in line with what every other idiot CEO does. Of course, based on the de Castro debacle we knew this was her character anyway...it's just shareholders' money.
Not quite as bad but still pretty bad:
In December 1999, Intuit Inc. (makers of QuickBooks, TurboTax, and Quicken) purchased Rock Financial for $532M. The company was renamed Quicken Loans. In June 2002, Gilbert led a small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit for just $64M.[8] https://en.wikipedia.org/wiki/Quicken_Loans#History
She gets more press than most CEOs but Yahoo was in trouble before she took over. She might not be great but there are probably more overrated CEOs