– Yahoo’s de Castro got $58M for 15 months on job (USA Today, April 17, 2014):
Henrique de Castro’s 15 months as Yahoo’s chief operating officer may have ended on a sour note, but it was sweetened by a severance package valued at nearly $58 million.
All but about $1 million of de Castro’s severance was based in the value of his equity award in Yahoo, which began appreciating after former Google colleague Marissa Mayer joined the company in July 2012. He became Mayer’s first big hire just four months later. But in a letter to employees following de Castro’s Jan. 16 ouster, Mayer said she “made the difficult decision” that he should leave.
His exit package outpaced Mayer’s 2013 compensation, valued at $24.9 million. She gained an additional $21.2 million from vested shares, Yahoo said in a preliminary proxy filing Wednesday.