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  1. stjeanluc
    April 18th, 2014 at 9:34 am

    This is what is wrong with the system today:

    http://talkingpointsmemo.com/idealab/fired-yahoo-exec-gets-58-million-for-15-months-work

    Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

    The disclosure in a regulatory filing Wednesday may lead to more second-guessing about Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012.

    Mayer dumped de Castro in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth. De Castro had been in charge of ad sales.

    "Ultimately, Henrique was not a fit and that's a very regrettable conclusion," Mayer told analysts in late January. "And it's a conclusion that we tried very hard to avoid, but it was the right decision in the end for the company." After making the expensive mistake, Mayer has said she won't pick another chief operating officer.

    They basically say that the guy is not right for the job and give him $58M when they fire him… Why don't shareholders revolt when they see that? Take the money from Mayer's pocket. It was her mistake. It's insane.



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