In what might be the purest example of income inequality, Yahoo's recently ousted Chief Operating Officer Henrique de Castro received a $58 million severance package after only
15 months on the job:
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 may lead to more second-guessing of Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012.
Henrique de Casto apparently ruffled the feathers of ad execs from the start and despite Yahoo's growth over the same period, ad revenue
continued to drop:
But he had an icy relationship with ad execs who found him aloof when they were accustomed to being catered-to by Yahoo brass.
His approach wasn't exactly working: ad revenue at the portal declined over the past year, even as Ms. Mayer touted splashy relaunches of email, the homepage, Flickr and a $1.1 billion acquisition of Tumblr and Summly.
In recent months Mr. de Castro had stopped speaking for the company. De Castro was conspicuously absent at the Consumer Electronics Show in Las Vegas, where Yahoo generally starts talks with big advertisers. Ms. Mayer gave a keynote and head deal maker Jacqueline Reses gave presentations to WPP and IPG agencies.
For what it's worth, according to
simplyhired.com, the average Yahoo salary is $61,000.
The average salary for yahoo jobs is $61,000. Average yahoo salaries can vary greatly due to company, location, industry, experience and benefits.
Don't you wish you could be so successful at failure?