Good morning, Broadsheet readers! Marissa Mayer is leaving Yahoo’s board, Pope Francis encourages breastfeeding in the Sistine Chapel, and Hidden Figures proves female mathematicians can slay the box office. Have a fantastic Tuesday.
• Bye-bye, board. Yahoo CEO Marissa Mayer is stepping down from the company’s board after the planned Verizon acquisition closes later this year. A number of other board members— including Jane Shaw, the former chairman of Intel—will do the same.
The departures were announced last night in a regulatory filing, which makes no mention of whether Mayer will stay on as the company’s chief executive, but does indicate that the company will rename itself to Altaba (a reference to the fact that if and when the Verizon deal closes, Yahoo’s biggest asset will be a 15% stake in Chinese e-commerce giant Alibaba).
Mayer has had a tough run lately. She dropped off our list of Most Powerful Women this fall, not long after she inked the deal to sell the company’s core assets for much less than early estimates. Then came disclosures of a massive hacking of Yahoo users’ information and hedging by Verizon over the price of the acquisition.
While this announcement is not the one some of us were anticipating (a collective gasp went up in the Fortune newsroom when “Mayer leaves Yahoo” started popping up on our screens), I doubt this will be the last time we’ll cover a big departure from the CEO. Fortune
ALSO IN THE HEADLINES
• Ivanka bows out. Ivanka Trump is resigning from management and operational roles at both the Trump Organization and her eponymous fashion brand—and from all officer and direct positions at both firms. The news came shortly after her husband, Jared Kushner, accepted a job as senior advisor to President-elect Donald Trump and likely indicates an effort to comply with ethics rules. However, Ivanka herself is not immediately expected to take a formal White House role. Fortune
• Barra won’t budge. GM CEO Mary Barra says her company’s small-car production will stay in Mexico despite President-elect Trump’s threat that the company could face a “big border tax” for importing some Chevrolet Cruze cars from a plant in Mexico. “This is a long-lead business with highly capital-intensive investments—decisions that were made two, three and four years ago,” she said. Fortune
• Returnships return. Seven more tech companies, including Verisk Analytics, AppNexus, and Medallia, are joining the handful of employers that offer so-called returnships—temporary positions for mid-career professionals who want to get back to the workplace after taking time off to care for a child, parent, or other loved one. Fortune
• A figure for good. Hidden Figures, the movie about three female African-American mathematicians who played a key role at NASA in the 1960s, edged past Rogue One to top the weekend box office with $22.8 million in ticket sales. The film has also inspired a number of girls-and-STEM-related programs, including a free screening for Black Girls CODE members and a $200,000 scholarship program. Fortune
• Blessing the meal. Pope Francis encouraged women attending a ceremony in the Sistine Chapel to breastfeed their children in the church, saying, “You mothers, go ahead and breastfeed, without fear. Just like the Virgin Mary nursed Jesus.” Fortune
• Schneider has stories. In our latest episode of the Most Powerful Women OnStage podcast, former American Apparel CEO Paula Schneider shares war stories from her attempts to turn the retailer around (including a tale of employees bashing a Schneider-shaped piñata). iTunes
MOVERS AND SHAKERS: NBCUniversal Telemundo Enterprises named Monica Gil to the newly created position of EVP of corporate affairs. She was most recently SVP and GM of multicultural growth and strategy at Nielsen.
IN CASE YOU MISSED IT
• Done running. Hillary Clinton confidante Neera Tanden told CNN that she doubts Clinton will run for president again—or for any elected office, for that matter. Tanden thinks the former secretary of state’s next move will instead focus on how to help kids and families. Fortune
• Not a fan. Appearing on Fox and Friends, senior Trump adviser Kellyanne Conway jumped into the fray over Meryl Streep’s searing Golden Globes speech. Conway said the actress is “inciting people’s worst instincts when she won’t get up there and say, ‘I didn’t like it, but let’s try to support him and see where we can find some common ground with him.’” New York Magazine
• Get the money, honey. In this episode of Recode Decode, Kara Swisher talks to Rent the Runway CEO Jennifer Hyman about, among other things, the hazards of fundraising while female. Recode
• Justice to junior. Ruth Bader Ginsburg sent a note (on Supreme Court stationary) to 8-year-old Michele Threefoot, who dressed up as the Supreme Court justice for her school’s superhero day last month. “You look just like me,” wrote Ginsburg. “May you continue to thrive on reading and learning.” Yahoo
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