Marissa Mayer Bans WAH

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Registered: 09-01-2002
Marissa Mayer Bans WAH
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Sun, 02-24-2013 - 1:08pm

The youngest female Fortune 500 CEO ~ Yahoo's Marissa Mayer ~ banned WAH for all employees, including full-time customer service reps, those who WAH just 1 or 2 days/week, even those hired on the condition they WAH.

<<"Speed and quality are often sacrificed when we work from home," says the memo from HR director Jackie Rees..."We need to be one Yahoo!, and that starts with physically being together.>>

http://www.huffingtonpost.com/lisa-belkin/marissa-mayer-work-from-home-yahoo-rule_b_2750256.html

Apparently the fact that all of the "tools" can be at home, accessing the main offices remotely, is not enough.

Wouldn't we expect a new mom especially to "champion" combining work and family?  Some WAH employees say they get more done at home, due to a shorter "commute", fewer interuptions at the watercooler and cubicle.  For those who WAH part-time or f-t, are you as/more productive at home as in an office?  Will this backfire as the top talent can WAH for Yahoo and other companies? 

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Registered: 01-08-2009
Fri, 03-01-2013 - 4:33pm

rosenylund wrote:
Bord-I am not 100% aware of how financial aid, or loans or scholarships work as I have not been through that process but I am pretty sure they are not going to come in your house and deny you if you have a large TV or pictures of vacations. lol.

No, they are going to look at your asset statements and tax returns for the last several years, and any outstanding "fixed" bills that you have, and how many kids you are trying to put through college at the same time, and they are going to come up with a number that says at such-and-such an income, your child qualifies for X amount of grant, X amount of guaranteed loan, and the family will be expected to contribute X amount. 

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Registered: 01-08-2009
Fri, 03-01-2013 - 4:28pm

reginageorge2005 wrote:
<p><blockquote class="quote-msg quote-nest-1 odd"><div class="quote-author"><em class="placeholder">bordwithyou</em> wrote:</div>Well, as I said, I listen to a lot of financial aid cases. People can appeal the EFC, and if you have some big reason why you can't afford the EFC, such as high health care bills or something, it can lower the EFC. But nobody is going to be too sympathetic about an appeal based on the "need" to update a functional kitchen with high end appliances and countertops a year before the college starts so you can have a nice graduation party.</blockquote></p><p>I actually know someone who did that. And they borrowed the money to finance the kitchen. Why on earth would you think you should have an upgraded kitchen when you can't afford college for your kids?! Priorities...</p>

We also get a lot of,  "Our EFC is over six thousand dollars a year!   Where are we going to get an extra six thousand dollars a year?"  And I'm thinking...this kid is eighteen years old.  You've known he was going to get to this age for eighteen years, unless something awful happened.  EFC isn't the money you are supposed to have "extra."  It's the money you were supposed to have saved over the last eighteen years.  Twenty five thousand dollars is just a little over $115 a month since the kid was born, not counting any interest that might have accrued. 

iVillage Member
Registered: 03-01-2013
Fri, 03-01-2013 - 4:28pm
RG-did these people cry they couldn't afford college or are you assuming this?
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Registered: 03-01-2013
Fri, 03-01-2013 - 4:25pm
Bord-I am not 100% aware of how financial aid, or loans or scholarships work as I have not been through that process but I am pretty sure they are not going to come in your house and deny you if you have a large TV or pictures of vacations. lol.
iVillage Member
Registered: 02-20-2013
Fri, 03-01-2013 - 4:21pm

bordwithyou wrote:
Well, as I said, I listen to a lot of financial aid cases. People can appeal the EFC, and if you have some big reason why you can't afford the EFC, such as high health care bills or something, it can lower the EFC. But nobody is going to be too sympathetic about an appeal based on the "need" to update a functional kitchen with high end appliances and countertops a year before the college starts so you can have a nice graduation party.

I actually know someone who did that. And they borrowed the money to finance the kitchen. Why on earth would you think you should have an upgraded kitchen when you can't afford college for your kids?! Priorities...

On Wednesdays we wear pink.

iVillage Member
Registered: 03-01-2013
Fri, 03-01-2013 - 4:20pm
RG-that is nice that your family has no problem going to other family and share all their finances (which I assume is more than how much they make and how much their house cost as there are many other things besides that when it comes down to how people spend and save their money). Most people are not financial advisors and don't know that well into others financial lives.
iVillage Member
Registered: 01-08-2009
Fri, 03-01-2013 - 4:17pm
Well, as I said, I listen to a lot of financial aid cases. People can appeal the EFC, and if you have some big reason why you can't afford the EFC, such as high health care bills or something, it can lower the EFC. But nobody is going to be too sympathetic about an appeal based on the "need" to update a functional kitchen with high end appliances and countertops a year before the college starts so you can have a nice graduation party.
iVillage Member
Registered: 02-20-2013
Fri, 03-01-2013 - 4:13pm

rosenylund wrote:
Bord-Unless you personally know someone's financial situation throughly and do their monthly bills, you really do not know what they can and can not afford. There are many millionaires who claim they can't afford things either because they are cheap or think they just need to save all their money. Just like there are people who blow all their money and have nothing to show for it or able to send their kids to college. I am not even that close to my friends and family to know everything. lol

I think it depends on how close you are to your family and how close you chose to keep your financial information. I know how much my sister's house cost, and I know how much she makes each year. Likewise DH knows how much his stepsiblings make and how much their homes were. So actually knowing that information, we can accurately gauge whether or not they can "afford" something. And before you point out that they could be lying--no one lies to their financial advisor about how much money they make. It doesn't work that way. 

DH doesn't share details about his stepsibs w/me and I don't ask b/c it isn't any of business. Knowing how much my sister makes really just makes me more proud of her--she's making a good living doing something she loves.

On Wednesdays we wear pink.

iVillage Member
Registered: 03-01-2013
Fri, 03-01-2013 - 3:59pm

The difference is that bord is speaking of a past debate on college where one poster stated that they didn't have a college fund for their kids because they didn't have the extra cash, then went on to detail all the "stuff" they buy on a regular basis. This stuff included some very expensive sounding stuff and vacations. I debate that many are familiar with on this board.

Ok, so I guess just Bord does. lol

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Registered: 06-27-1998
Fri, 03-01-2013 - 3:56pm

rosenylund wrote:
PKA-you believe everything everyone says on the internet? lol

Nothing I have said would warrant such a question.  But to answer you....oh no, especially not from certain regions, lol.

PumpkinAngel

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