The $100 million golden goodbye

Yahoo's recently fired chief operating officer is reported to be leaving with a golden parachute of between $60 - $100 million. His failure to drive advertising revenue caused his demise, but it may be a company-wide problem.

Just over a year after he was appointed, Yahoo Chief Operating Officer Henrique de Castro has been let go by the company. The high profile hire had clearly fallen out of favour with CEO Marissa Mayer who, in a leaked memo, said the decision was all hers. “I made the difficult decision that our COO, Henrique de Castro, should leave the company,” she wrote.

There is talk that de Castro could walk away with between $US60 and $US109 million from his 15 month tenure at the struggling internet giant.

If that number seems staggering, it’s because it is staggering.


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