This ad will auto close in 10 seconds

Ex-Yahoo COO De Castro got higher pay cheque than CEO Mayer

Last Updated: Tuesday, January 21, 2014 - 12:00

Washington: Yahoo's now Ex-COO Henrique De Castro is reportedly said to take home a paycheck fatter than that of the company's CEO Marissa Mayer.

De Castro is expected to walk away with somewhere from 88 million dollars to 109 million dollars for 15 months of work at the Internet giant.

According to Cnet, former Googler Mayer had hired De Castro for Yahoo offering a fat contract, which was touted as the biggest golden parachute packages ever.

In an explanatory memo to staff, Mayer said that she made the difficult decision that COO, De Castro, should leave the company and appreciated his contributions and wished him the best in his future endeavors.

Forbes has calculated that during his brief tenure at Yahoo, De Castro pulled down 244,000 dollars-a-day.

His total compensation, apart from the additional goodies in the parachute package, was 39.2 million dollars, higher than Mayer's 36.6 million dollars, the report added.

First Published: Tuesday, January 21, 2014 - 12:00
comments powered by Disqus