Yahoo

In 2012 Marissa Mayer, a 40 year old business wiz, was brought in to save Yahoo from collapse. The company’s value had slipped from a high of 120 billion down to 5 billion and it was her job to turn things around. Over the next 4 years she collected 100 million in salary and bonus and now the company is being sold for 4.4 billion. As a reward for her services she will receive a 55 million dollar golden parachute. This is just one more example of the myth of pay for performance. Imagine what she would have received if she had been successful. This type of business practice is one of the many ways that the free market system can be corrupted and while the system is the best there is, the one thing that can destroy it, is corruption New subject: On Friday WikiLeaks released 20,000 emails that were hacked from the Democratic National Committee and many of these show that the DNC deliberately pushed for Hilary to beat Sanders. This was a big news story and Hilary appeared on 60 Minutes Sunday night and said she was not aware of the emails and had no comment on the story. At that point the questioner went on to a new subject. I knew about the emails and I am not running for the presidency. Either she was not being truthful or someone on her staff failed to keep her informed. New subject: One of my favorite phrases when it comes to government is the unintended consequences of good intentions. Two years ago Minnesota passed a law saying people who served prison time no longer had to put that on their job applications. This was meant to help young black men get passed the real or perceived prejudice against felons. Since that time it has become more difficult for young black men to get jobs. So what happened? Employers know that young black men are disproportionally likely to have served time and since they can’t be sure they just avoid interviewing young black men. It is obvious that I have time on my hands since I don’t sub in the summer.