Fired Yahoo exec gets $58 million for 15 months of work
Source: Associated Press
Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.
The disclosure in a regulatory filing Wednesday may lead to more second-guessing about Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012.
Mayer dumped de Castro in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth. De Castro had been in charge of ad sales.
... The company's board said most of the severance stemmed from the costs of luring de Castro from his previous job at Google. Like many other senior Google executives, de Castro would have received millions in stock by staying at the company. That prompted Yahoo to make up for some of the Google awards he had to relinquish when he defected.
Read more: http://www.sfgate.com/business/technology/article/Fired-Yahoo-exec-gets-58M-for-15-months-of-work-5408312.php
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And could it be that these companies are in such dire financial straits because of these ridiculous CEO compensations? 
