Yahoo Stocks Fall By 2 Percent After CEO Announces Twin Pregnancy
Yahoo's CEO Marissa Mayer announced that she is pregnant with twins due in December. Mayer's announcement was followed by a two percent fall in the company's stock.
According to Daily Mail, the 40-year-old mother-of-one made the announcement on her Tumblr blog. She said she intends to approach her pregnancy and delivery the way she did in 2012 when she continued to work from home after delivery and returned to office in two weeks.
"Since my pregnancy has been healthy and uncomplicated and since this is a unique time in Yahoo's transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout. I've shared the news and my plans with Yahoo's board of directors and my executive team, and they are incredibly supportive and happy for me," Mayer reportedly said according to The Guardian.
Yahoo allows new mothers 16 weeks of paid leave after delivery and fathers 8 weeks. It was Mayer who extended the duration to 16 weeks for women.
Her announcement drew stirred a debate whether her actions would set a precedent in Yahoo that would discourage other women employees availing entire allocation of maternity leave.
Though the slide in stock followed Mayer's announcement, analysts found no correlation between the stock and the announcement. Instead, they claimed Yahoo's poor ad sales and current situation in China are likely factors for the slide.