Page 1 of 1

Yahoo COO Gets $29 Million Severance after 14 Months on Job

Posted: Mon Jan 20, 2014 11:27 am
by silverscreenselect
Yahoo fired COO Henrique de Castro after 14 months on the job because the company was disappointed with his efforts to grow the company. De Castro is going away with a severance package worth $29 million (mostly in company stock) and total compensation of $109 million for doing a mediocre job. Nice work if you can get it.

I thought what Georgia Tech paid basketball coach Paul Hewitt was ridiculous when they fired him, but at least they got a trip to the NCAA Championship game out of him.

I wonder how much of a severance package McDonald's gives people they fire after 14 months for doing a mediocre job.

http://www.benefitspro.com/2014/01/17/y ... =100284621

Re: Yahoo COO Gets $29 Million Severance after 14 Months on Job

Posted: Mon Jan 20, 2014 12:28 pm
by Bob Juch
silverscreenselect wrote:Yahoo fired COO Henrique de Castro after 14 months on the job because the company was disappointed with his efforts to grow the company. De Castro is going away with a severance package worth $29 million (mostly in company stock) and total compensation of $109 million for doing a mediocre job. Nice work if you can get it.

I thought what Georgia Tech paid basketball coach Paul Hewitt was ridiculous when they fired him, but at least they got a trip to the NCAA Championship game out of him.

I wonder how much of a severance package McDonald's gives people they fire after 14 months for doing a mediocre job.

http://www.benefitspro.com/2014/01/17/y ... =100284621
Jan Fields got a very good one worth millions.