Fired Yahoo Exec Gets $58M for 15 Months of Work

Image: The Yahoo logo is shown at the company's headquarters in Sunnyvale, California
The Yahoo logo is shown at the company's headquarters in Sunnyvale, Calif.Reuters

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
/ 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 may lead to more second-guessing of Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012.

Henrique De Castro, then-vice president Global Media and Platforms of Google, delivers a speech during the Cannes Lions 2010 International Advertising Festival in Cannes in this file photo taken June 23, 2010. He became Yahoo chief operating officer in 2012 and was dumped in January 2014. He will receive $58 million in severance from Yahoo.Sebastien Nogier / REUTERS file

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.

Yahoo Inc. previously disclosed de Castro would be getting a severance package, but didn't reveal the amount until Wednesday.

The company's board said most of the severance stemmed from the costs of luring de Castro from his previous job at Google Inc.

-The Associated Press