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Yahoo COO De Castro gets to leave with massive severance
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The following comments relate to this news article:

Yahoo COO De Castro gets to leave with massive severance

article published on 17 April, 2014

Former Yahoo CEO Henrique de Castro will walk away with $58 million in severance, after being fired just 15 months into the job. CEO Marissa Mayer personally hired de Castro away from his position at Google in early 2013 and admits Henrique "was not a fit and that's a regrettable conclusion." De Castro received $1.14 million in salary and bonuses, and $56.8 million in Yahoo stock that ... [ read the full article ]

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Posted Message
ronhondo
Junior Member
_ 		18. April 2014 @ 08:06 _ Link to this message    Send private message to this user   
It is this kind of crap that give the Socialist's and Communist's food for thought. Disgusting !
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mightyzog
Junior Member
_ 		18. April 2014 @ 09:27 _ Link to this message    Send private message to this user   
It's great when failure is rewarded.
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xboxdvl2
Senior Member
_ 		18. April 2014 @ 10:40 _ Link to this message    Send private message to this user   
i thought retired politicians got a lot, guess they should work for yahoo instead they'd get more in less working time.
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custom built gaming pc from early 2010,ps2 with 15 games all original,ps3 500gbs with 5 games all original,yamaha amp and 5.1channel surround sound speakers,46inch sony lcd smart tv.
Mrguss
Senior Member
_ 		18. April 2014 @ 16:37 _ Link to this message    Send private message to this user   
Did he ever gonna pay his (1960's minimum tax for wealthy people only) taxes out of that; or just renounce his Citizenship, pay $0 on taxes and most likely move to Europe, like many rich class people do !?

IRS, where that f*** are you !?
lol
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Live Free or Die.
The rule above all the rules is: Survive !
Capitalism: Funnel most of the $$$ to the already rich.

This message has been edited since posting. Last time this message was edited on 19. April 2014 @ 15:02
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Interestx
Senior Member
_ 		19. April 2014 @ 11:26 _ Link to this message    Send private message to this user   
$58 million that's not going into R&D, company infrastructure or employee's salaries and/or pensions (except his, of course).

This 'exec pay' BS is just typical snouts in the trough getting what they can before leaving quickly before the chickens come home etc.

It's about time there was a max pay limit to stop these ludicrous excesses, it is simply hurting companies & consumers (not to mention ordinary share-holders).
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