Search
Close this search box.
Search
Close this search box.

Criticism Hurts Because it’s Often True, says Yahoo’s CEO

Marissa Mayer isn't afraid to accept criticism, unless, perhaps, it comes from the media.

Yahoo’s Marissa Mayer has weathered a heap of flack while heading up the Internet portal since becoming CEO in 2012. Her advice to other CEOs: be prepared to accept that criticism.

Some swipes directed at Mayer were clearly unjustified, focusing on her gender and role as a mother, while others centered on whether she could have done a better job turning the already-fading company around.

In a frank admission, Mayer accepts that some objections against her management decisions could have been true. In fact, she says, a lot of them probably were—to an extent.

Mayer, speaking recently at the Stanford Graduate School of Business, recalled receiving advice from a friend at Google, who suggested the main reason criticism hurts so much is because a certain portion is always true. “The question is: is it 1% true, or is it 75% true or is it 100% true,” she said.

“THE PRESS IS THE PRESS. THERE ARE SOME TIMES THEY’RE SMART AND THEY GET IT RIGHT, BUT THEY DONT’ HAVE EVEN CLOSE TO HALF THE INFORMATION YOU HAVE BEING IN THE COMPANY.”

To help her decide, the last place Mayer turns to is the press. “I don’t read it,” she said. “And that might sound tone deaf, but I feel like if you read it it changes who you are and how you think about things.”

For example, Mayer said there’s a risk that CEOs who read their latest idea was brilliant could be tempted to continue backing an idea that’s actually bad. Conversely, she said, leaders told how bad they’re doing may feel encouraged to give up on something great.

“The press is the press—there are some times they’re smart and they get it right, but they don’t have even close to half the information you have being in the company,” Mayer said.

However, she doesn’t entirely ignore the media. Consuming it is a job for her PR team, who summarize big issues and points for her to digest. She’d also much rather hear criticism from someone she knows more closely, including her husband. “If you’re going to get criticism it’s always better coming from someone who loves you, or someone you work with or have a relationship with.”

The actor Bradley Cooper, Mayer recalled, recently told a talk show that the best way to feel bad about yourself is to read about yourself online. “It works if you’re an actor, it works if you’re a business leader, it works if you’re a high school student.”

“The point is: you just can’t let that shape who you are. You either have to have guidelines for how you’re going to absorb it, like me, or you have to have really thick skin. I tend to have a little bit of both. But you have to have a way of cutting through all that noise to what’s valid criticism.

The full interview can be seen here.


MORE LIKE THIS

  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events

    Roundtable

    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)

     

    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.