Former Yahoo COO de Castro Made Tidy $3.8 Million Per Month

de CastroYahoo COO and former Googler Henrique de Castro was fired by CEO Marissa Mayer in January. At the time, there was considerable reporting (and surprise) about the size of his golden parachute, which Forbes said was worth a whopping $109 million.

He wasn’t eligible for all of it, however, given a four year vesting period. He was the first significant hire Mayer made as Yahoo CEO.

USAToday reports that de Castro actually collected $58 million — or the equivalent of $3.87 million per month for the 15 months of his brief tenure at Yahoo. Much of that compensation was tied up in Yahoo stock. 

No wonder the man is smiling.

But for the Alibaba-bump in the value of the company’s shares, de Castro’s package would have been worth more like $17 million says USAToday.

Earlier this week Yahoo reported better than expected quarterly results, including modest growth in its core search and display businesses.

Related Topics: Channel: Industry | Yahoo | Yahoo: Business Issues

Sponsored


About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

Connect with the author via: Email | Twitter | Google+ | LinkedIn



Marketing Day:

Get the top marketing stories daily!  

Share

Other ways to share:
 

Read before commenting! We welcome constructive comments and allow any that meet our common sense criteria. This means being respectful and polite to others. It means providing helpful information that contributes to a story or discussion. It means leaving links only that substantially add further to a discussion. Comments using foul language, being disrespectful to others or otherwise violating what we believe are common sense standards of discussion will be deleted. You can read more about our comments policy here.
  • Steve

    Guess he won’t get hired by anyone else with his name all over the Internet. But doesn’t matter since he has enough money to retire on.

  • http://cashwithatrueconscience.com/rbblog Ryan Biddulph

    That is some serious coin Greg. I can appreciate the work he put in to make millions. As for anybody who has a problem with it, I always say, make millions, and you won’t have a problem with it ;)

    I found this post and voted it up on Kingged, the content curation site.

Get Our News, Everywhere!

Daily Email:

Follow Marketing Land on Twitter @marketingland Like Marketing Land on Facebook Follow Marketing Land on Google+ Subscribe to Our Feed! Join our LinkedIn Group Check out our Tumblr! See us on Pinterest

 
 

Click to watch SMX conference video

Join us at one of our SMX or MarTech events:

United States

Europe

Australia & China

Learn more about: SMX | MarTech


Free Daily Marketing News!

Marketing Day is a once-per-day newsletter update - sign up below and get the news delivered to you!