SpringOwl Activist Presentation Deck slide image

SpringOwl Activist Presentation Deck

Marissa Mayer Should Only Be Judged on The Performance Of Yahoo's Core Business In thousands 1,000,000 2010 Note: As of 10/22/2015 Source: ISS Proxy Advisory Services SpringOwl! Asset Management LLC 5-Year Development Cost Trend (2010-2015 LTM) 919,000 2011 22% 885,824 2012 1,008,487 2013 Mayer Hired: July 2012 We will continue to be disciplined on our head count and our thoughtful work on this area has helped appreciably on expenses. - Marissa Mayer, Q315 Earnings Call 1,207,146 2014 1,221,691 2015 YAHOO! ex Confidential | For Discussion Purposes Only | 63
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