patrick.net

I'm only going to be impressed if he can manage to pay less than 10% taxes on that money.

turtledove says

I'm only going to be impressed if he can manage to pay less than 10% taxes on that money.

hahhaa, well it certainly was not "earned wages", so that will help

If he pays any tax & doesn't get a tax credit, he's an abject failure.

JH says

Former chief operating officer Henrique de Castro left Yahoo with a severance package worth $58 million, according to a regulatory document filed Wednesday with the SEC.

The golden parachute is among the most generous in history, and especially notable given than de Castro worked at Yahoo for only 15 months.

Yep, capitalism makes perfect sense. That's the free hand of the market giving the middle finger to eveyone who actually works and produces wealth for a living.

In 15 months this guy got more than your entire family will earn in six generations. What exactly did he produce to warrant this? Out of whose pocket did this payout come from? The employees, of course.

All the employees should resign just to speed up their downward spiral into irrelevance.

Dan is right, the employees and shareholders were absolutely robbed.

CrazyMan says

All the employees should resign just to speed up their downward spiral into irrelevance.

If they also got severance packages 100x their salary...

I wonder if I started doing a shitty job for a mere 15 months, could I get a 100x retirement, also? Is this standard practice in the SFBA? No wonder your shacks cost so much.

That's it... I need a raise.

EastCoastBubbleBoy says

That's it... I need a raise.

Try sucking at your job. Worked for him.

yahoo is so lame.
now I read that what's her name is trying to convince Apple to make yahoo search the default search for iPhone/macs/safari

oh brother, I hope Apple stays away from Yahoo.

Who cares? As opposed to the money the Fed has been printing this is yahoo's money. This information is public, as are mgmt compensations, if shareholders and employees want to take this crap then so be it. They have great technology, but business wise I wouldn't touch yhoo stock with a 10 ft pole. You got your bailouts and QE ad infinity, so don't complain that the excessive executive management salary party was resumed right away after a brief halt in 2008 - it's 1999 again! ;)