Today's Hard|Forum Post
Today's Hard|Forum Post

Monday October 15, 2012

Marissa Mayer Poaches Key Google Exec For $56M

Dear Super Hot Yahoo CEO Lady:

I would like a $56 million salary. Based on the track records of the last six Yahoo CEO's, neither of us will be with the company in a year but our severance packages will make us rich. I see this as mutually beneficial but, for the most part, this is all about me. Thank you for taking the time out of your busy day to read this.

Sincerely,

Every Person on the Planet

The move could cost Yahoo upwards of $56 million, according to regulatory filings. In addition to his $600,000 base salary, de Castro will be granted up to $36 million in stock based on how long he stays at Yahoo and how well the company does while he's there. He's also getting $1 million to make up for salary he would have made at Google had he stayed, plus another $20 million in stock to make up for Google stock that hasn't vested yet.

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