SAN FRANCISCO, CA - NOVEMBER 19: CEO of Yahoo Marissa Mayer participates in a Dreamforce 2013 Fireside Chat at Moscone Center on November 19, 2013 in San Francisco, California. (Photo by Tim Mosenfelder/Getty Images)
Yahoo gave its former chief operating officer Henrique De Castro $96 million for a 15-month stint at the tech company, according to reports.
Chief executive officer Marissa Mayer fired De Castro in January, and his pay and severance was released in a proxy filing Wednesday, the Re/Code reported. De Castro made $58 million in severance based on Yahoo's stock price, according to the New York Times. From the Times:
De Castro, a former Google executive, was also awarded $11 million in salary and stock-based compensation in 2013 and $39 million in 2012, according to the proxy, although he lost a large chunk of it because the stock wasn’t fully vested when he left.
This means that De Castro made more than Mayer's own $62 million salary for both 2012 and 2013.