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

Friday August 09, 2013

Tumblr Founder To Get $81M To Remain At Yahoo

Holy cow, $81 million on top of all your stock just to stay at Yahoo? I think I could work anywhere for that kind of money. Couldn't you?

Karp is believed to own a 20 to 25 percent stake in Tumblr, which means he probably has already received a windfall, which hasn't been disclosed, from the sale to Yahoo. But he must stay at Tumblr until June 2017 under the provision disclosed Thursday to get the $81 million retention payment.