Yahoo COO fired a year after being poached from Google

Mayer has built a senior leadership team and is now in the midst of engineering a turnaround at the gay webcam chat once-dominant web icon.
De Castro's departure marks a striking shift within Yahoo's leadership ranks as Mayer continues to struggle to revive the company's business one year-and-a-half into her tenure.
Yahoo declined to comment.

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De Castro will get severance benefits as laid out in his 15 October, 2012 employment letter, including equity awards, according to the filing.
De Castro could not immediately be reached for comment.
Yahoo chief operating officer Henrique de Castro, the high-profile recruit CEO Marissa Mayer poached from Google shortly after she took the helm, will leave today after about a year on the job.

Yahoo is one of the world's most-visited online properties, but revenue has declined in recent years amid competition from Google and Facebook. A source familiar with the matter said that part of the severance package is based on performance metrics which have not yet been determined or approved by the company.

Posted on 16 Jan 2014 at 08:30
The fact that Mayer managed to lure an executive from Google was viewed at the time as a sign that the new CEO had re-inspired confidence in gay webcam chat the company.
"During my own reflection, I made the difficult decision that our COO, Henrique de Castro, should leave the company," Mayer wrote in the memo.

But Yahoo's revenue growth has remained moribund. Revenue has declined between 5% and 7% year-over-year in each of the first three quarters of 2013.

At the time of de Castro's hiring, Mayer was building a management team to try to revive flagging sales and traffic, and cited de Castro's Internet advertising expertise as a key asset.

The Lisbon-born executive, known for tough talk and a strong personality, was richly rewarded with a compensation package totaling $58 million when he was hired.

Yahoo did not give a reason for his departure in a Wednesday filing, but in an unusually blunt memo to Yahoo staff, obtained by the Recode technology site, Mayer said she had fired him.
By Reuters

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