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Marissa Mayer

The third way: share-the-gains capitalism

The third way: share-the-gains capitalism

Marissa Mayer tells us a lot about why Americans are so angry, and why anti-establishment fury has become the biggest single force in American politics today.

Ms. Mayer is CEO of Yahoo. Yahoo's stock lost about a third of its value last year, as the company went from making $7.5 billion in 2014 to losing $4.4 billion in 2015. Yet Ms. Mayer raked in $36 million in compensation.

Even if Yahoo's board fires her, her contract stipulates she gets $54.9 million in severance. The severance package was disclosed in a regulatory filing last Friday with the Securities and Exchange Commission.

In other words, Ms. Mayer can't lose.

It's another example of no-lose socialism for...

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