Yahoo’s $56-million man is out

Yahoo chief operating officer Henrique de Castro is leaving the company effective Thursday, according to a regulatory filing.  That’s just about 15 months after CEO Marissa Mayer lured him away from Google by a pay package that was estimated at a whopping $56 million in October 2012.

The longtime Google ad executive had been a respected figure in the digital ad world, but rumors had swirled for several months that Mayer was impatient with his progress – or lack of progress – in turning around Yahoo’s struggling ad business. No word yet on the exact circumstances of his departure.

As we reported at the time, de Castro was hired with a pay package at Yahoo that included stock options and bonuses, worth almost as much as the $59 million deal that Mayer negotiated when she jumped from Google to Yahoo.

 

 

 

 

 

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