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The Six Main People Behind Yahoo!

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The name Yahoo! has been around about as long as the Internet, or so it seems. In fact most Nigerians were more familiar with the word yahoo than the word internet when it just came to Nigeria. Thanks to the free email accounts @yahoo.com. While the brand name of Yahoo! is well known among Nigerians, the names behind the brand remain a sort of mystery to most of us.


(Image Source: businessinsider.com)

Yahoo! was founded in 1994 and has since grown into one of the larger Internet media companies in the world. The board of directors and executive team at Yahoo! has undergone some changes, but the company remains profitable and the people who hold a stake in Yahoo! continue to reap the rewards of their association with this Internet giant. Here is a look at the six main pillars of Yahoo!

David Filo, Chief Yahoo of Yahoo!

David Filo and Jerry Yang started Yahoo! back in 1995. In 1996, Filo decided to take a leave of absence from Yahoo! and pursue other interests. But in June 2014, it was announced that he would take up his self-appointed role as "Chief Yahoo" yet again and run the company. His role is mostly one of a consultant, but he does retain voting rights with his shares. His stake in the company comes to approximately seven percent, which is estimated to be worth around $1.1 billion USD.

Daniel S. Loeb, CEO of Third Point, LLC

Daniel S. Loeb is an investor who has tried to buy his way onto the Yahoo! board for several years now. Currently, Loeb holds a 5.9 percent interest in Yahoo! that is estimated to be worth around $900 million USD. His attempts to move into a position of power in Yahoo! helped to boost the stock price, which helped to pad his initial investment.

Marissa Mayer, CEO of Yahoo!

Marissa Mayer was brought in as the CEO of Yahoo! in 2012 and she has since helped to boost the price of Yahoo! stock from $15 per share, up to $36 per share. Her compensation is tied, in part, to the performance of the company. Her status is not listed as an owner of the company, but her 2.2 million shares are currently worth around $250 million USD, which would give her a considerable role in owning the company.

Edward Johnson, III, CEO of FMR, LLC

FMR, LLC is the technology investment arm of Fidelity Investments and it has its proverbial hands in many of the larger technology companies. Currently, FMR, LLC owns approximately 5.6 percent of Yahoo! shares, which has a value of approximately $1.9 billion USD.

F. William McNabb, III, CEO of The Vanguard Group

The Vanguard Group's name shows up on ownership lists for many of the top technical companies in the world, but the Vanguard is very prominent when it comes to Yahoo! ownership. At present, Vanguard owns 4.7 percent of Yahoo! shares, which is estimated to be worth approximately $1.7 billion USD.

Jay Hooley, CEO of State Street Corporation

Another investment firm that seems to have big pieces of the major Internet companies is the State Street Corporation. State Street took a big interest in Yahoo! when it first started and has remained active to this day. State Street currently owns 3.9 percent of Yahoo! stock at an estimated value of $1.4 billion USD.

Other Institutional Investors

A company like Yahoo! tends to attract a lot of attention from the bigger institutional investors in the corporate world. Some of the other large institutional investors involved with Yahoo! include:

BlackRock Institutional Trust Company - 2.6 percent
Susquehanna International Group - 1.8 percent
Invesco Ltd - 1.7 percent
Capital Research Global Investors - 1.7 percent
 
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