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    Back to To the Point

    To the Point

    Ousted Yahoo Exec Gets $58 Million 'Golden Parachute'

    When Marissa Mayer became Yahoo's CEO, she lured her former colleague at Google, Henrique De Castro, to join her as Chief Operating Officer. Fifteen months later, she fired him, saying he was not a good "fit" after all. His severance package: $58 million. Did he earn his "golden parachute" after just 15 months of work?

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    By Warren Olney • May 10, 2014 • 1 min read

    When Marissa Mayer became Yahoo's CEO, she lured her former colleague at Google, Henrique De Castro, to join her as Chief Operating Officer. Fifteen months later, she fired him, saying he was not a good "fit" after all. His severance package: $58 million. Did he earn his "golden parachute" after just 15 months of work? What does it say about the health of Yahoo, a major player in the high-flying world of communications technology? Felix Salmon, who blogs on finance for Reuters, picks up the story.

    The full episode

    3 of 3
    Assad Gains Confidence, but Is Anyone Winning in Syria?
    1. 0:00Could Diplomatic Pact Ease Conflict in Ukraine?
    2. 8:19Is Syria on the Way to Becoming a Failed State?
    3. 44:02Ousted Yahoo Exec Gets $58 Million 'Golden Parachute'You’re reading this
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Benjamin Gottlieb

      Reporter, Fill-in Host

    • KCRW placeholder

      Mike Kessler

      freelance journalist

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Gideon Brower

      Independent Producer

    • KCRW placeholder

      Felix Salmon

      chief financial correspondent for Axios

      NewsNationalPolitics

    The full episode

    3 of 3
    Assad Gains Confidence, but Is Anyone Winning in Syria?
    1. 0:00Could Diplomatic Pact Ease Conflict in Ukraine?
    2. 8:19Is Syria on the Way to Becoming a Failed State?
    3. 44:02Ousted Yahoo Exec Gets $58 Million 'Golden Parachute'You’re reading this
    Back to To the Point