Wednesday 15 January 2014

Tech: Yahoo COO Leaves Company After 15 Months

Yahoo's chief operating officer is leaving after just more than a year on the job, the company revealed in an SEC filing Wednesday afternoon.
Henrique de Castro joined Yahoo in October 2012 after previously working as a top exec at Google. De Castro was CEO Marissa Mayer's biggest early hire and a notable poach from her former employer.
De Castro was considered important enough to Yahoo that he actuallyreceived more compensation than Mayer in his first year. Yahoo paid de Castro $39 million in 2012 compared to $36.6 million for Mayer.
Rumors circulated for months that de Castro might be pushed out from Yahoo. He was reportedly under pressure to improve Yahoo's advertising prospects and found himself clashing with Mayer.
A rep for Yahoo declined to comment beyond the information in the filing.
De Castro's last day at the company will be January 16.
UPDATE, Jan. 15, 7:20 p.m. ET: According to an internal Yahoo memoobtained by Re/code, Marissa Mayer made clear that she fired de Castro. The memo read: "During my own reflection, I made the difficult decision that our COO, Henrique de Castro, should leave the company. I appreciate Henrique’s contributions and wish him the best in his future endeavors."



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