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Marissa Mayer's second-in-command gets a $58million severance package after working..15 months
UK Daily Mail ^ | April 17, 2014 | Staff

Posted on 04/17/2014 9:11:50 AM PDT by C19fan

Yahoo’s recently fired chief operating officer has received a final severance package of $58million after only working at the internet company for 15 months. A new regulatory filing released Wednesday revealed the eight-figure payout that Henrique de Castro was given by his former boss, Marissa Mayer, after she both hired and fired him in just over a year. Mayer dumped de Castro, who was in charge of ad sales, in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS:
KEYWORDS: compensation; yahoo
This is legalized stealing. Work for 18 months, do not get the job done and receive a 7 figure check.
1 posted on 04/17/2014 9:11:50 AM PDT by C19fan
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To: C19fan

I would say the boss lady needs to go too if she’s that foolish.


2 posted on 04/17/2014 9:14:37 AM PDT by boycott
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To: C19fan

When the country goes Communist, remember the role stories like this played in bringing it about.


3 posted on 04/17/2014 9:15:00 AM PDT by Buckeye McFrog
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I was off a digit. $58 MM = eight figure.


4 posted on 04/17/2014 9:15:27 AM PDT by C19fan
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To: C19fan

Marissa is an ObamaGal.. the sooner she leaves, the better.


5 posted on 04/17/2014 9:16:31 AM PDT by NormsRevenge (Semper Fi - Revolution is a'brewin!!!)
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To: C19fan

Shareholders and board members all cool with this?

California is such a funny place.


6 posted on 04/17/2014 9:18:23 AM PDT by Steely Tom (How do you feel about robbing Peter's robot?)
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To: NormsRevenge

Amazing 1%er who is a supporter of the lyin’ king. She’s so put upon. Do you suppose the newly departed COO is also an ardent supporter of the lyin’ king? I’m thinkin’ yeah. Probably because they have so much money that any imposition that’s levied on the actual working folks of the country will have zero impact on them. It’s good the be the queen.


7 posted on 04/17/2014 9:28:18 AM PDT by rktman (Ethnicity: Redneck. Race: Daytona 500)
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To: C19fan

I just read Marissa Mayer’s wiki. Nothing on her resume would make me want to hire her as a CEO of anything.

She was one of Google’s first 20 hires. My guess is that anyone of them that stayed around for a while did pretty good — especially those willing to play the game.


8 posted on 04/17/2014 9:28:50 AM PDT by boycott
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To: C19fan

Mayer is a loyal new world order minion, placed in command of Yahoo to bring its strategies and policies in line with their norms that you see in all other large web companies.

Fat payouts are normal in nwo’s “silicon valley”, as well as most other industries.

There is competition to hire top execs.

In order to attract them, sweet guarantees are placed in their contracts.

It may be shocking for the sheeple, but it’s par for the course.


9 posted on 04/17/2014 9:30:50 AM PDT by PieterCasparzen (We have to fix things ourselves)
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To: C19fan

I could have failed for 1/3 of that cost...


10 posted on 04/17/2014 9:32:06 AM PDT by Wyatt's Torch
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To: Buckeye McFrog
when the country goes Communist

What's going on is more like fascism. Government and the titans of banking and business work hand-in-hand to screw everyone else.

11 posted on 04/17/2014 9:32:22 AM PDT by grania
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To: C19fan

I wanna work for Marissa!


12 posted on 04/17/2014 9:45:47 AM PDT by Pearls Before Swine
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To: C19fan
This is legalized stealing. Work for 18 months, do not get the job done and receive a 7 figure check.

I must assume you're a majority stockholder to care what a private company does, correct?
13 posted on 04/17/2014 9:49:50 AM PDT by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: Wyatt's Torch

“I could have failed for 1/3 of that cost...”

I’m a real cheap date, er hire. I would have done that job for 1/10 of the costs. I would have provided my own office and checked with Marissa at least once a month.


14 posted on 04/17/2014 9:50:12 AM PDT by Grampa Dave ( Herr Obama cannot divert resources from his war on Americans!)
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To: C19fan

If that is the standard, I ought to be getting my $58 million severance package any day!


15 posted on 04/17/2014 9:54:21 AM PDT by Blood of Tyrants (Haven't you lost enough freedoms? Support an end to the WOD now.)
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To: TexasGunLover
This is legalized stealing. Work for 18 months, do not get the job done and receive a 7 figure check.

I must assume you're a majority stockholder to care what a private company does, correct?


Of course, it's a publicly-held company, not a privately-held company.

While payscales be very generous for employees of privately-held companies, such large payouts for such short tenures are much more common for high-level employees of publicly-held companies than privately-held ones. In privately held companies, length of service is typically a key factor in getting very high compensation.
16 posted on 04/17/2014 10:03:22 AM PDT by PieterCasparzen (We have to fix things ourselves)
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To: C19fan

I could care less about these yahoos............unless of course they’re in my portfolio. I better check so I can possibly be outraged too.


17 posted on 04/17/2014 10:08:54 AM PDT by Starstruck (If my reply offends, you probably don't understand sarcasm or criticism...or do.)
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To: NormsRevenge

“Marissa is an ObamaGal.. the sooner she leaves, the better”

Yep, when the Techie CEO’s met with Odumbo back in Feb. in regards to their concern about NSA spying and such, she didn’t show. Claimed she had some pressing business on a Friday afternoon. She is a true believer and hasn’t missed one White House Photo Opp. when it is some roll out of the latest bad Odumbo policy.


18 posted on 04/17/2014 10:33:05 AM PDT by DAC21
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To: C19fan

Didn’t get 7 figures, got 8 figures, multiple times 8 figures.


19 posted on 04/17/2014 10:37:42 AM PDT by HamiltonJay
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To: C19fan

Hush money?


20 posted on 04/17/2014 10:40:52 AM PDT by tacticalogic
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To: boycott

So Google also runs Yahoo now...lol


21 posted on 04/17/2014 11:27:59 AM PDT by willyd (I for one welcome our NSA overlords)
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To: willyd

So Google also runs Yahoo now...lol


Don’t be a dumbazz. Read her resume.

Anyone with Google that early got to enjoy a nice ride and become a multi-millionare.


22 posted on 04/17/2014 11:32:09 AM PDT by boycott
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To: C19fan

Insanity


23 posted on 04/17/2014 11:33:49 AM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: NormsRevenge

Her replacement will be the same way


24 posted on 04/17/2014 11:34:22 AM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: TexasGunLover; C19fan

That is 8 figures I think


25 posted on 04/17/2014 11:36:02 AM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: C19fan

Is that equal pay for women that zippy was spewing the other day


26 posted on 04/17/2014 2:23:13 PM PDT by ronnie raygun
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To: boycott

Little marissa should have never been there.

She is reckless, feckless and absolutely drunk with power.


27 posted on 04/17/2014 10:42:55 PM PDT by Sequoyah101
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To: C19fan

That’s why it’s called YAH! HOO!


28 posted on 04/17/2014 10:46:57 PM PDT by morphing libertarian
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