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The hedge fund that blasted Yahoo's $7 million holiday party isn't buying Marissa Mayer's rebuttal

Eugene KimFeb 4, 2016, 01:05 IST

Chip Somodevilla/Getty Images

During Tuesday's earnings call, Yahoo CEO Marissa Mayer took a moment to dispute some of the recent media reports about Yahoo's reportedly lavish spending, including the $7 million holiday party and $450 million of free food.

She described them as "gross mischaracterizations and untruths spread about Yahoo," saying the actual costs were only about one-third of what has been reported.

Given that the $7 million and $450 million figures first came out of the famous 99-page slide deck put together by SpringOwl Asset Management's Eric Jackson, Mayer's comments almost sounded like a direct response to the hedge fund manager's presentation.

But Jackson's not buying it, and he believes Mayer's got her numbers wrong.

A 'reputable contact'

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