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

Thursday October 18, 2012

Yahoo's Departing CFO to Get Generous Severance

Tim Morse, the present CFO of Yahoo, is leaving his post on November 15 under less than perfect conditions. He was part of Marissa Mayer’s restructuring plan to breathe new life back into Yahoo. But don’t shed any tears over his departure, just because he is leaving the company doesn’t mean he is leaving empty handed. His severance package is larger than some Third World country’s GNP.

One of the first major decisions made by Marissa Mayer, Yahoo's new chief executive was to replace Morse with Fortinet Inc CFO Ken Goldman, who was named to the position on September 25.