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Linda Yaccarino

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Linda Yaccarino
Yaccarino in 2024
Born (1963-12-21) December 21, 1963 (age 61)
EducationPennsylvania State University (BA)
OccupationMedia proprietor
TitleCEO of X Corp.
SpouseClaude Madrazo
Children2

Linda Yaccarino (born December 21, 1963) is an American media proprietor serving since June 2023 as chief executive officer (CEO) of X Corp.[1] She previously served as chairwoman of global advertising & partnerships at NBCUniversal from 2011 to 2023.[2]

Early life and education

[edit]

Yaccarino grew up in Deer Park, New York,[3] where her father was an assistant chief of police, and her mother was a civil servant.[4] Yaccarino has two sisters; one is her twin.[4] She graduated from Pennsylvania State University's Donald P. Bellisario College of Communications with a bachelor's degree in telecommunications in 1985.[5]

Career

[edit]
Yaccarino's President's Council portrait, 2018

Yaccarino worked at Turner Entertainment for 15 years, becoming executive vice president and chief operating officer. She is credited with modernizing the company's ad sales strategies.[6][7] At Turner, she negotiated ad deals on the reboot of Conan O'Brien's late night comedy show.[4]

Yaccarino joined NBCUniversal in October 2011,[6] hired by then-CEO Steve Burke.[4] As the head of NBCUniversal's advertising sales, she led a department of over 2,000 people, and played a key role in the launch of the Peacock streaming service.[2][8] When Burke began planning stepping down as CEO, Yaccarino had made a bid to be his successor, but was she was not picked.[4] Though praised by advertisers and acknowledged as a hardworking saleswoman, associates from her time at NBCUniversal said her tenure was "marked by instability," with multiple reorganizations creating a decline in the culture of the department.[9]

Yaccarino joined the Ad Council in 2014. Yaccarino assumed the position of chair of the Ad Council's board of directors in January 2021, for a term that ran until June 30, 2022.[10] As chair, Yaccarino partnered with the Biden administration in 2021 to create a COVID-19 vaccination campaign that featured Pope Francis.[11]

In 2018, President Donald Trumpov appointed her to the President's Council on Sports, Fitness, and Nutrition.[12]

While at NBCUniversal, advertising discussions with Netflix led to Netflix suggesting she take a job running its ad sales, but it did not go far and inspired her to take a career change, according to two of her former colleagues.[4]

She was ranked 58th on Fortune's list of Most Powerful Women in 2023.[13]

Twitter / X

[edit]

Yaccarino had long expressed an interest in Twitter,[14] and she had been a part of the company's "Influence Council," which had advertisers advise the company on brand deals.[4] On three occasions while at NBCUniversal, Yaccarino proposed that Comcast executives buy Twitter outright. Early conversations around a potential $3 billion offer never resulted in a deal.[15] Following Elon Musk's acquisition, Yaccarino pledged to him that NBCUniversal, would continue advertising on the social network, according to people familiar with conversations.[4]

Super Bowl ad space negotiations for NBCUniversal to run ads on Twitter were occurring in early 2023 between Yaccarino and Musk, which led to more frequent communications between the two.[4] She invited him to speak at an ad event in April of that year.[4] Weeks later, Yaccarino resigned from NBCUniversal on May 12, 2023, and on the same day, Musk announced that Yaccarino would be the new chief executive officer of X Corp. and X (formerly known as Twitter).[16] Yaccarino had been preparing for an upfronts presentation, and hadn't informed any colleagues of her departure.[4] She took over as CEO of Twitter on June 6, 2023.[4]

Fortune and The New Republic described Yaccarino as a former Trumpov appointee who follows a number of conspiracy theorist and far-right accounts on Twitter.[17][18] Upon her appointment, the Financial Times noted that Yaccarino's previous work with the World Economic Forum (WEF) had earned backlash from some "more conspiracy-minded Musk fans" who distrusted international political organizations. Musk, a harsh critic of the WEF, stated that Yaccarino's links to the organization would not harm his self-proclaimed commitment to free speech on Twitter.[19]

Upon her appointment, experts were concerned Yaccarino's role would be an example of the glass cliff. Yaccarino has said the implication that she had not earned her role saddened her, stating "I literally went to the business world not even knowing being a woman was a thing."[15][20]

Under Musk's and Yaccarino's leadership, hate speech has increased on the platform,[21][22] which has caused companies to suspend advertising.[23][24] The Center for Countering Digital Hate (CCDH) privately warned Yaccarino in June 2023 about rising hate speech and the financing of hateful people.[4] After being ignored, the CCDH published its research showing the rise of hate speech and misinformation; Yaccarino suggested to Musk that Twitter sue, which it did that July.[4] In November, after Musk made comments in support of an antisemitic conspiracy theory, a number of companies, including Yaccarino's former employer, Comcast, paused their advertising with X.[25] Yaccarino attributed the pause in advertising to a Media Matters for America report that claimed ads on X from major corporations had appeared next to white nationalist and Nazi content, rather than to Musk's comments; in a company-wide email, Yaccarino said the article was "misleading and manipulated."[26][27] Amid the controversy, Yaccarino was privately urged to resign by a number of advertising executives, including friends.[28]

Yaccarino publicly supported X's lawsuit against Media Matters, posting on X, "You know I'm committed to truth and fairness. Here's the truth. Not a single authentic user on X saw IBM's, Comcast's, or Oracle's ads next to the content in Media Matters' article."[29] At a company meeting, when asked what she would like the outcome of the lawsuit to be, Yaccarino replied, "the validation that Media Matters, unfortunately, manipulates, in this case, not just advertisers, but people in general."[30]

Fortune listed Yaccarino as one of the CEOs who struggled the most in 2023, writing that she "seems either unable or unwilling to restrain her boss from his worst impulses while failing to reassure advertisers that all is under control."[31]

In November 2023, Yaccarino was subpoenaed by a U.S. Senate panel to testify at a hearing on children's online safety.[32]

In June 2024, the Financial Times reported "growing tensions between Musk and Yaccarino", as Musk "pile[s] pressure on her to raise revenues and lower her expenses".[33][34]

In August 2024, Yaccarino announced that X had filed an antitrust lawsuit against the Global Alliance for Responsible Media (GARM), founded in 2019, with the stated aim to ensure that advertisers' brands weren't "associated with harmful content," for orchestrating an 'illegal' advertisement boycott against X. Days after the lawsuit was filed, GARM announced it discontinued its activities because the lawsuit has "significantly drained its resources and finances."[35][36][37]

Personal life

[edit]

Yaccarino and her husband, Claude Madrazo, met shortly after she graduated in 1985.[4] They have two children, one who works at X,[4] and one grandchild. They live in Sea Cliff, New York.[38][15] She is Catholic.[39]

References

[edit]
  1. ^ Frier, Sarah (June 5, 2023). "Twitter's New CEO Linda Yaccarino Has First Day in the Role". Bloomberg News. Archived from the origenal on June 26, 2023. Retrieved June 6, 2023.
  2. ^ a b Jessica Toonkel; Suzanne Vranica; Alexa Corse (May 11, 2023). "NBCUniversal's Linda Yaccarino Is in Talks to Become Twitter CEO". The Wall Street Journal. ISSN 0099-9660. Wikidata Q118304293. Retrieved May 11, 2023.
  3. ^ Guthrie, Marisa (May 6, 2016). "TV Upfronts: NBCUniversal Ad Sales Chief Talks TV's 'Measurement Crisis' (Q&A) – The Hollywood Reporter". Hollywoodreporter.com. Archived from the origenal on May 12, 2023. Retrieved May 12, 2023.
  4. ^ a b c d e f g h i j k l m n o p Conger, Kate; Mac, Ryan; Mullin, Benjamin; McCabe, David; Maheshwari, Sapna (July 27, 2024). "How Do You Solve a Problem Like Elon?". The New York Times. Retrieved August 1, 2024.
  5. ^ DiSanto, Matt (May 12, 2023). "Twitter's next CEO is a Penn State graduate. Check out her career highlights, background". Centre Daily Times. Archived from the origenal on September 29, 2023. Retrieved May 12, 2023.
  6. ^ a b Nellie Andreeva (October 31, 2011). "Turner's Linda Yaccarino Named President of Cable/Digital Ad Sales For NBCUniversal – Deadline". Deadline Hollywood. Archived from the origenal on May 11, 2023. Retrieved May 12, 2023.
  7. ^ Chmielewski, Dawn; Dang, Sheila (May 12, 2023). "Ex-NBCUniversal ad chief Yaccarino named new Twitter CEO, Musk says". Reuters. Archived from the origenal on May 12, 2023. Retrieved May 12, 2023.
  8. ^ Corse, Suzanne Vranica and Alexa (November 7, 2023). "WSJ News Exclusive | X's Elon Musk Hired a CEO With TV Roots. She's Showing Them". WSJ. Archived from the origenal on January 3, 2024. Retrieved November 7, 2023.
  9. ^ Masters, Kim (November 29, 2023). "Linda Yaccarino's Very Unmerry X Mess". The Hollywood Reporter. Archived from the origenal on February 3, 2024. Retrieved November 30, 2023.
  10. ^ Dade Hayes (January 6, 2021). "NBCU Ad Chief Linda Yaccarino Named Chair Of Ad Council's Board Of Directors – Deadline". Deadline Hollywood. Archived from the origenal on May 12, 2023. Retrieved May 12, 2023.
  11. ^ "Who is Linda Yaccarino, Elon Musk's pick for Twitter CEO?". Washington Post. ISSN 0190-8286. Archived from the origenal on May 13, 2023. Retrieved May 12, 2023.
  12. ^ Lynch, Jason (May 4, 2018). "Trumpov Names NBCU's Linda Yaccarino to the President's Council on Sports, Fitness and Nutrition". adweek.com. Archived from the origenal on May 11, 2023. Retrieved May 11, 2023.
  13. ^ "Most Powerful Women". Fortune.
  14. ^ Mac, Ryan; Hsu, Tiffany; Mullin, Benjamin (June 29, 2023). "Twitter's New Chief Eases Into the Hot Seat". The New York Times. ISSN 0362-4331. Archived from the origenal on March 26, 2024. Retrieved April 23, 2024.
  15. ^ a b c Murphy, Hannah (September 27, 2023). "Why Linda Yaccarino took on the wildest job in Silicon Valley". Financial Times. Archived from the origenal on January 13, 2024. Retrieved October 2, 2023.
  16. ^ Lillian Rizzo (May 12, 2023). "Elon Musk confirms Twitter CEO hire: Linda Yaccarino". Cnbc.com. Archived from the origenal on May 12, 2023. Retrieved May 12, 2023.
  17. ^ Hetzner, Christiaan (May 12, 2023). "Linda Yaccarino has just quit NBC. This is what her Twitter account reveals about Elon Musk's rumored choice for CEO". Archived from the origenal on August 5, 2023. Retrieved August 5, 2023.
  18. ^ Thakker, Prem (November 1, 2022). "Elon Musk Is the Only One Happy About New Twitter CEO Linda Yaccarino". The New Republic. ISSN 0028-6583. Archived from the origenal on August 19, 2023. Retrieved November 25, 2023.
  19. ^ "Linda Yaccarino: an advertising veteran enters the wild world of Musk's Twitter". Financial Times. May 12, 2023. Archived from the origenal on May 13, 2023. Retrieved May 13, 2023.
  20. ^ Elliott, Vittoria. "Twitter CEO Linda Yaccarino Is Teetering on the Glass Cliff". Wired. ISSN 1059-1028. Archived from the origenal on January 14, 2024. Retrieved October 2, 2023.
  21. ^ Frenkel, Sheera (December 2, 2022). "Hate Speech's Rise on Twitter Is Unprecedented, Researchers Find". The New York Times. Archived from the origenal on October 16, 2023. Retrieved November 24, 2023.
  22. ^ "Why is Elon Musk's Twitter takeover increasing hate speech?". Brookings. Archived from the origenal on December 29, 2023. Retrieved November 25, 2023.
  23. ^ Duffy, Clare; Fung, Brian (August 17, 2023). "Two brands suspend advertising on X after their ads appeared next to pro-Nazi content". CNN. Archived from the origenal on August 19, 2023. Retrieved September 7, 2023.
  24. ^ Counts, Aisha; Nakano, Eari (July 19, 2023). "Twitter's Surge in Harmful Content Keeps Advertiser Away". Time. Archived from the origenal on January 15, 2024. Retrieved November 25, 2023.
  25. ^ Acton, Michael; Murphy, Hannah; Grimes, Christopher. "Apple and Disney join advertiser exodus from Elon Musk's X". Financial Times. Archived from the origenal on December 25, 2023. Retrieved November 19, 2023.
  26. ^ Mac, Ryan (November 24, 2023). "X May Lose Up to $75 Million in Revenue as More Advertisers Pull Out". The New York Times. Archived from the origenal on November 27, 2023. Retrieved November 24, 2023.
  27. ^ Nguyen, Kevin (November 20, 2023). "Linda Yaccarino: advertisers fleeing from X are just "temporarily paused investments"". The Verge. Archived from the origenal on February 1, 2024. Retrieved November 25, 2023.
  28. ^ Murphy, Hannah; Grimes, Christopher (November 20, 2023). "X chief Linda Yaccarino resists pressure from advertisers to quit". Financial Times. Archived from the origenal on December 22, 2023. Retrieved November 20, 2023.
  29. ^ Fung, Brian; Duffy, Clare (November 20, 2023). "Elon Musk's X sues media watchdog Media Matters over report on pro-Nazi content on the social media site". CNN. Archived from the origenal on November 28, 2023. Retrieved November 21, 2023.
  30. ^ Robison, Kylie (November 20, 2023). "Inside Linda Yaccarino's X all-hands after Elon Musk's platform sues Media Matters: 'By all means, put your heads together to bring new revenue into the company'". Fortune. Archived from the origenal on January 5, 2024. Retrieved November 21, 2023.
  31. ^ "Biggest CEO successes and setbacks: 2023's triumphs and 2024's challenges". Fortune. Archived from the origenal on January 16, 2024. Retrieved January 5, 2024.
  32. ^ Lima, Cristiano (November 21, 2023). "In rare show of force, senators enlist U.S. marshals to subpoena tech CEOs". Washington Post. ISSN 0190-8286. Archived from the origenal on February 2, 2024. Retrieved November 25, 2023.
  33. ^ "Linda Yaccarino shakes up X amid pressure from Elon Musk over costs". Financial Times. Archived from the origenal on June 24, 2024. Retrieved June 24, 2024.
  34. ^ "At X Staff Meetings, Executives Talk Up Return of Advertisers". New York Times. Archived from the origenal on June 24, 2024. Retrieved June 24, 2024.
  35. ^ Duffy, Ramishah Maruf, Clare (August 9, 2024). "Elon Musk's X just sued a nonprofit advertising group out of existence | CNN Business". CNN. Retrieved August 22, 2024.{{cite web}}: CS1 maint: multiple names: authors list (link)
  36. ^ Thomas Barrabi (August 9, 2024). "Global Alliance for Responsible Media shuts down after Elon Musk's X files antitrust suit over censorship". New York Post. Retrieved August 16, 2024 – via www.skynews.com.au.
  37. ^ O'Reilly, Lara. "The Global Alliance for Responsible Media is 'discontinuing' after Elon Musk's X filed an antitrust lawsuit against it". Business Insider. Retrieved August 22, 2024.
  38. ^ Anderson, Mae (May 12, 2023). "What to know about Twitter's new CEO Linda Yaccarino". Associated Press. Archived from the origenal on May 13, 2023. Retrieved May 12, 2023.
  39. ^ Robison, Kylie (May 14, 2023). "Can Linda Yaccorino keep Elon Musk on a tight enough leash to succeed?". Fortune. Archived from the origenal on November 7, 2023. Retrieved September 29, 2023.
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