Morbid Marissa Mayer? Yahoo CEO Buys Funeral Home
Yahoo’s CEO, Marissa Mayer, may just have completed one of the most morbid October real estate deals ever. Mayer has reportedly purchased the oldest funeral home Roller & Hapgood & Tinney in her hometown of Palo Alto, California. The family owned business was purchased in a deal that closed three weeks ago, according to Palo Alto Online.
Mayer is one of the minds behind Google’s wildly successful family of product, including its Search page. She was headhunted by Yahoo last year, and offered an unprecedented salary of $1 million per year to come run the struggling Internet giant. Since her entrance, many changes have taken place, including the departure of former interim CEO Ross Levinsohn.
Palo Alto Real Estate Targeted For Development
While the investment in the funeral home property doesn’t seem to add up for a woman who is worth more than $300 million, it does add up if she doesn’t want neighbors. The property is reportedly very close to Mayer’s home in Palo Alto, and it has also been targeted as a possible site for new home development. According to the previous owner of the site, Paul Roller, the actual identity of the person behind the purchase is unknown to him. He has been dealing only with Anne Yamamoto of 980Middlefield LLC through his attorneys and has no idea if the company is linked to Mayer or not.
Mark Zuckerberg Avoids Real Estate Exploitation
The CEO of Facebook, Mark Zuckerberg is another Palo Alto resident who has recently purchased real estate in his own community. A developer reportedly had plans for building several houses on a property adjoining Zuckerberg’s and then marketing them using their location as neighbors to Facebook’s founder as a ploy. Zuckerberg purchased the properties and reportedly leased them back to the families who are living there.
Yahoo CEO, Funeral Home Owner, And…, Mom
Marissa Mayer is what many women wish they could be. She is rich, successful, attractive, and a good mother. Her role as CEO of Yahoo has definitely impacted her choice to have a baby, and while she’s good at her job, she is also a talented mother. It will be interesting to note whether this recent real estate purchase was merely to thwart developers, or if she has other intentions for the property. While it is unclear what she will do with the property, perhaps her old employer Google should be on the lookout…Mayer might just bury it in Yahoo’s back yard.
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