Last year, just as Walmart was illegally firing workers for participating in legally protected strikes, Walmart Associates who are members of OUR Walmart were attending the Yahoo! shareholder meeting. They did so in order to address their concerns about Walmart’s illegal retaliation to Yahoo! CEO Marissa Mayer, who is also a member of the Walmart Board of Directors. The workers and the questions they directed to Mayer were widely covered in the press.
Today’s Wall Street Journal reports that a group of Yahoo investors have written a letter to company Chairman Maynard Webb questioning CEO Marissa Mayer’s leadership and calling on her to step down from Walmart’s Board of Directors in order to focus on Yahoo’s problems.
Hey, so why are Walmart associates in OUR Walmart protesting Marissa Mayer and other members of Walmart’s Board of Directors? San Francisco Magazine actually talked to one of the protesters to find out:
The weak Q3 earnings report from Yahoo has us wondering, again, about Yahoo CEO Marissa Mayer’s role on the Walmart Board of Directors. While Walmart purportedly brought Mayer on to help boost the retailer’s eCommerce performance, it’s clear that she has her hands full just trying to keep Yahoo afloat.
In this post, we raise questions about Marissa Mayer’s contribution as a Walmart director. Specifically, given the enormous challenges she faces at Yahoo, does Mayer have the time and focus to help Walmart implement a winning eCommerce strategy? And could Mayer’s aggressive recruitment of top Silicon Valley engineers conflict with Walmart’s own effort to hire the best and brightest for its Bay Area technology shop, known as @WalmartLabs?