Skip to main content

Yahoo's Ex-COO: "I Was Fired and That's OK"

Article cover image
PARIS – Henrique de Castro just spoke publicly for the first time since being ousted as Yahoo's COO. And he took the high road.
I was fired and that's OK. Being fired is part of your career options."
Much has been written about de Castro's exit. When Marissa Mayer took the head of Yahoo in 2012, she brought de Castro along from Google. Not because they were both Google alums but because Google dominated ad sales and it was logical to look there, de Castro said. But his hiring was controversial: his compensation put him among the highest paid men in corporate America and set equally high expectations for him to turn around Yahoo's troubled advertising business.
De Castro was let go after a little over a year on the job, with ad sales as dreadful as ever. Wild figures circulated about his generous severance: it turned out to be nearly $58 million, including $16 million in performance bonuses that, were I a shareholder, I'd have a hard time to swallow. (De Castro refused to confirm figures – he's under quite the stringent NDA, host Loïc Le Meur warned – but said his kind of pay is "normal:" "These are jobs that pay well because there's a high risk." By this token, nuclear plant workers and firefighters should be billionaires.)
"To be the COO of a non-growing business is a difficult position," de Castro explained. "With hindsight, I don't think a COO was needed."
If you're a company that needs very fast movement, you probably don't need an aggregation of functions under a COO. You need the CEO to have his or her hands in everything."
That's a polite way to refer to rumors that Mayer and he simply did not get along. But he does laud her work. "Search, mobile, video and media are not today what they'll be in the future," he said. "Marissa and the rest of the managing team have done a great job positioning the company to capture these future trends." He compares Yahoo's current situation with Apple in 1998: everyone was leaving and calling time of death on the company, when it was in fact readying to take over the world.
"Now, he says, the question is, will they catch the trends on time?"

Comments

Popular posts from this blog

VIDEO AND PICTURES: BOWEN UNIVERSITY HOSTEL BURNT

                    A room (precisely Luke Hostel room 47) got burnt in the early hours of Thursday March 27 2015. Most of the room's occupants' luggage were burnt, including books, clothes, boxes and several valuable items. Some people are speculating that the fire was caused by a boiling ring left on by one of the students while others are saying that it was caused by an unplugged iron. Thankfully no lives were lost and nobody was wounded.                     Minutes after the fire was doused, the Dean of Student affairs, MRS. Sangoyomi was seen in the hostel examining the room. The fate of the room's occupants are not yet known but we hope they don't get into much trouble. Come back for updates on this post and more info.PICTURES BELOW

The genetic and scientific view of the EBOLA VIRUS

Virology The EBOV genome is approximately 19 kb in length. It encodes seven structural proteins: nucleoprotein (NP), polymerase cofactor (VP35), (VP40), GP, transcription activator (VP30), VP24, and RNA polymerase (L).[3] Structure[edit] Electron micrographs of EBOV show them to have the characteristic threadlike structure of a filovirus.[4] EBOV VP30 is around 288 amino acids long.[5] The virions are tubular in general form but variable in overall shape and may appear as the classic shepherd's crook or eyebolt, as a U or a 6, or coiled, circular, or branched; laboratory techniques, such as centrifugation, may be the origin of some of these formations.[6] Virions are generally 80 nm in diameter with a lipid bilayer anchoring the glycoprotein which projects 7 to 10 nm long spikes from its surface.[7] They are of variable length, typically around 800 nm, but may be up to 1000 nm long. In the center of the virion is a structure called nucleocapsid, which is formed by the helically wou...

Check out these sparkling hot songs from BamBino's album - "NEW"

           Check out these hot new single released by upcoming artist BamBino. BamBino is  currently a student of Bowen University and has really shown a lot of promise to rise in the industry. Below are his songs for the album named "NEW". Enjoy Track 1 - "NEW INTRO" -  Download Track 2 - "HELLO" -  Download Track 3 - "I'm Okay" -  Download Track 4 - "In love" -  Download