Eric Jackson, the founder of SpringOwl Asset Management, claims she spent $7million on last week's company holiday party. The Yahoo CEO has come under fire for a
lavish holiday party amid speculation about the company's future and
calls for her to resign from one shareholder. At the $7million Great
Gatsby-themed holiday party then-pregnant Mayer, pictured right, threw
earlier this month in San Francisco she sat perched on a 'pure white arm
chair' posing for photos with employees. see photos from the $7,000.000 lavish party.
It was one example of allegedly excessive spending cited by hedge fund manager Eric Jackson submitted in a 99-page presentation to the board of the company detailing the millions Mayer has been spending as Yahoo continues to struggle over the past three years, losing more and more ground to Internet giants Google and Facebook. Jackson, the founder of SpringOwl Asset Management in New York City, also detailed the $450million Mayer has spent on free food for employees over the past four years as well as the $2million she spent giving away JawBone Up fitness bracelets to mark her one-year anniversary at the company.
It was one example of allegedly excessive spending cited by hedge fund manager Eric Jackson submitted in a 99-page presentation to the board of the company detailing the millions Mayer has been spending as Yahoo continues to struggle over the past three years, losing more and more ground to Internet giants Google and Facebook. Jackson, the founder of SpringOwl Asset Management in New York City, also detailed the $450million Mayer has spent on free food for employees over the past four years as well as the $2million she spent giving away JawBone Up fitness bracelets to mark her one-year anniversary at the company.
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