Man gets fired for doing shytty job after 15 months, gets $20 Million as reward

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A nice little contrast to that thread about Americans living paycheck to paycheck.

Yahoo CEO Marissa Mayer is firing the company’s second-in-command, according to a document Yahoo filed with the Securities and Exchange Commission Wednesday.

Henrique de Castro was Mayer’s first major hire at the company. She convinced him to leave Google and join her at Yahoo as COO in October 2012, luring him with a four-year $62 million deal.

De Castro and Mayer, however, reportedly did not get along — a situation that became particularly pronounced over the last few months. His departure was long expected by close watchers of the company, per technology news website Recode. Recode also posted Mayer’s memo announcing De Castro’s departure:

“During my own reflection, I made the difficult decision that our COO, Henrique de Castro, should leave the company,” Mayer wrote. “I appreciate Henrique’s contributions and wish him the best in his future endeavors.”

Thursday will be De Castro’s last day at the company. As part of his severance package, de Castro will receive a $20 million stock bonus, per Yahoo’s SEC filing.

Yahoo is in the midst of a Mayer-spearheaded realignment, which includes moves in the media and technology spaces.

http://business.time.com/2014/01/15/yahoo-marissa-mayer-fires-coo/
 

Kritic

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wasn't google trying to stop him legally from getting hired at yahoo back in the day?

or maybe this whole thing was just a stunt to go infiltrate yahoo and kill it.
 

Vandelay

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wasn't google trying to stop him legally from getting hired at yahoo back in the day?

or maybe this whole thing was just a stunt to go infiltrate yahoo and kill it.
:ehh:

Never thought about that. I dont know everything yahoo owns, but i dont know anyone who uses their products enough for the company to remain profitable.

Nice way to put a nail in the coffin of one of your biggest competitors...

Thats some bullshyt that hes walking away with 20 million for getting fired and doing a suck ass job to boot.
 

PewPew

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Yahoo is in the dumps anyway.
Jerry Yang's inflated ego killed it when he rejected Microsoft's $45 billion offer (Yahoo isn't even worth a fraction of that now) :lolbron:

:mindblown::mindblown::mindblown:

Son you gotta be shytting me! This fool was offered $45 BILLION for his fukk ass company and he said no? Mannnnnnnnnnnnnnnnn:mjlol:
 

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:mindblown::mindblown::mindblown:

Son you gotta be shytting me! This fool was offered $45 BILLION for his fukk ass company and he said no? Mannnnnnnnnnnnnnnnn:mjlol:
it's not that easy to say yes. one of my buds was offered a little over a $100 mill for his company by worldcom and in a year it crashed. he was stupid to say no too.

my bytch was offered a buy out of a few mill and a top job by wellsfargo.. she said no too. a few months later the banks crashed her industry... she was being given the heads up as the only person in the area to be saved she didn't see it.


a lot of business ppl in the IT industry think they have the "next facebook" or the "next google" so turn these offers down thinking they'll hit it big. but like i tell my bytch if you connect with these ppl on the zionist or jew level they just don't respect your ass. look at how the zionists took facebook from those ppl and gave it to jew boy.


what the fuq is a jerry yang? take yahoo from him. if yahoo played hardball with the nsa or some sh1t all these zionists conspire against yahoo and crash it.



------
microsoft owns stake in yahoo anyway..
 
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superunknown23

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it's not that easy to say yes. one of my buds was offered a little over a $100 mill for his company by worldcom and in a year it crashed. he was stupid to say no too.

my bytch was offered a buy out of a few mill and a top job by wellsfargo.. she said no too. a few months later the banks crashed her industry... she was being given the heads up as the only person in the area to be saved she didn't see it.


a lot of business ppl in the IT industry think they have the "next facebook" or the "next google" so turn these offers down thinking they'll hit it big. but like i tell my bytch if you connect with these ppl on the zionist or jew level they just don't respect your ass. look at how the zionists took facebook from those ppl and gave it to jew boy.


what the fuq is a jerry yang? take yahoo from him. if yahoo played hardball with the nsa or some sh1t all these zionists conspire against yahoo and crash it.



------
microsoft owns stake in yahoo anyway..
Remember "Tom" from Myspace? That dude sold it to Rupert Murdoch's News Corp for $580 million in 2005 (just before it stopped being cool).
Murdoch sold it off for $35 million in 2011:lolbron:
 
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