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.

 

 

 

 

Brandon Bailey Brandon Bailey (279 Posts)

Brandon Bailey covers Google, Facebook and Yahoo for the San Jose Mercury News, reporting on the business and culture of the Internet.