Yahoo COO/sales chief De Castro leaving


Yahoo (YHOO) COO/sales chief Henrique De Castro, hired away from Google by Marissa Mayer only 15 months ago, is leaving the company. No replacement or interim COO has been named. (8-K)

From all indications, De Castro's tenure at Yahoo was a rocky one. AdWeek reported in September the Yahoo COO was "feeling increasing pressure to deliver better ad results," as Yahoo continued to report weak display ad sales, and had failed to endear himself to Madison Ave execs.

De Castro, praised for his intelligence and criticized for his people skills by former Google co-workers, was given a compensation package that had a maximum 4-year value of $56M at the time it was provided.

The departure comes ahead of Yahoo's Jan. 28 Q4 report.

YHOO -0.3% AH

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Comments (26)
  • Pete P.
    , contributor
    Comments (1019) | Send Message
     
    This is probably a good thing for Yahoo. Let's see if they can find someone good, which I think they can.
    15 Jan 2014, 05:07 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Sort of like HP, when ...
    15 Jan 2014, 05:47 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Michael Capellas left.

     

    It was: The Rise & Fall Of Carly Fiorina - CBS News
    http://cbsn.ws/1apRLQX
    Hewlett-Packard Chairwoman and Chief Executive Carly Fiorina and Compaq's Chairman and Chief Executive Michael Capellas.
    15 Jan 2014, 07:33 PM Reply Like
  • deercreekvols
    , contributor
    Comments (9499) | Send Message
     
    They weak ad results because they have weak content. Look at Yahoo some time. It is laughable what is considered news.
    15 Jan 2014, 06:34 PM Reply Like
  • bhttsl
    , contributor
    Comments (505) | Send Message
     
    Sayonara Henrique
    15 Jan 2014, 06:37 PM Reply Like
  • DougRk
    , contributor
    Comments (1899) | Send Message
     
    The start of the Mayer-reign honeymoon ending? There is nothing behind YHOO to warrant the surge in share price we've seen. Reality will catch up sooner or later.
    15 Jan 2014, 07:12 PM Reply Like
  • RipCrackle
    , contributor
    Comments (122) | Send Message
     
    This was a bad hire. If you ever saw his public speaking skills you'd know why.
    15 Jan 2014, 08:41 PM Reply Like
  • SA Eli Hoffmann
    , contributor
    Comments (1004) | Send Message
     
    Well, it's good to see she had the strength to recognize she made a mistake and let him go.
    16 Jan 2014, 07:52 AM Reply Like
  • bhttsl
    , contributor
    Comments (505) | Send Message
     
    Yeah, cut your losers fast, and move on
    16 Jan 2014, 05:47 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1366) | Send Message
     
    Major redflag before earnings and when they report they can point the finger at ad sales. I would be a seller of this stock if I owned it (which I don't) and get the heck out before they report.
    15 Jan 2014, 07:24 PM Reply Like
  • pat1000
    , contributor
    Comments (496) | Send Message
     
    took balls to cut bait esp before year-end report----
    way to go girl!!!!
    15 Jan 2014, 08:48 PM Reply Like
  • rv007
    , contributor
    Comment (1) | Send Message
     
    One can only assume that such a sudden departure by De Castro suggest that his efforts to increase ad revenues has failed and thus has hurt Yahoo's bottom line. Such a timely departure also suggest that he and board have had a falling out and his 'departure' is more like 'your fired'. It's truly unfortunate that poor performance is rewarded so handsomely when the recipient of the termination letter is upper management. I wonder if a poor performing 'system analysis' is given a big check along with his walking papers?
    15 Jan 2014, 09:04 PM Reply Like
  • Tack
    , contributor
    Comments (16274) | Send Message
     
    This is Mayer's sacrificial lamb.
    15 Jan 2014, 11:19 PM Reply Like
  • bhttsl
    , contributor
    Comments (505) | Send Message
     
    That was the result of the blamestorming meeting within Yahoo.
    16 Jan 2014, 05:48 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
     
    And he's walking away with $60M? Jesus Christ. Capitalism at its worst. Getting paid mid 10 figures to screw up and leave in a year. Why can't we all find jobs like that?

     

    Why don't companies just force guys like him to get an executive coach and take some Dale Carnegie classes? Lack of people skills for an executive of a large multinational corporation in today's era is just unacceptable.
    15 Jan 2014, 11:21 PM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    "away with $60M? Jesus Christ. Capitalism at its worst"

     

    That's Capitalism at its best!

     

    Meyer was hired to find the best and he was considered the best for that position.

     

    ldkmybffjill you are confusing capitalism with welfare.

     

    Furthermore he was hired to be COO, not CEO/CFO more public positions.

     

    Maybe Meyer ought fired for her lack of judgement.
    16 Jan 2014, 12:08 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
     
    Look online, there were many objections at the time he was initially hired. Apparently everyone had a "hard time" dealing with him at Google too. He was not the best for the position, but the fact that he gets to walk away with that much $ is a huge disservice to YHOO shareholders.
    16 Jan 2014, 01:36 AM Reply Like
  • redarrow5150
    , contributor
    Comments (1366) | Send Message
     
    No the disservice to shareholders goes to management for not doing diligent background work. I still get why the street thinks Mayer is doing such a great job.
    16 Jan 2014, 08:12 PM Reply Like
  • Julakanti
    , contributor
    Comments (159) | Send Message
     
    Executives get paid if they screw up and if they do well also.
    Thats how all the wealth is shifting to the corporate elite while shareholders and consumers get screwed.
    16 Jan 2014, 12:07 AM Reply Like
  • Malph
    , contributor
    Comments (41) | Send Message
     
    Yahoo seems to be the same sinking ship as ever. Good one to go short.
    16 Jan 2014, 05:09 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    SHOWN THE DOOR WITH $60 MILLION, WHO WOULDN'T WANT THAT!
    http://on.recode.net/1...
    In it, Yahoo CEO Marissa Mayer makes clear she dumped the former Google exec, whom she had once effusively praised.

     

    Earlier today, I noted that De Castro was shown the door, and Mayer said the same in her email.
    16 Jan 2014, 09:12 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    http://on.recode.net/1...
    16 Jan 2014, 09:22 AM Reply Like
  • samuel_liu
    , contributor
    Comments (2753) | Send Message
     
    Women are expensive. Yesterday, I was talking with an 18 year old about I resented going back to the Bay Area to work because I was a bit carefree in spending (rather than dating once a month or 2 it became a daily habit). The young dude told me his expenses tripled after getting a girlfriend.

     

    $YHOO board sought out a last chance saviour, instead she models the American consumer, the American govt ...

     

    Not Long YHOO
    16 Jan 2014, 09:28 AM Reply Like
  • ejmcga
    , contributor
    Comments (42) | Send Message
     
    Funny how many people are so concerned with whether people own Yahoo stock that they feel compelled to give unsolicited advice that they sell. Couldn't t possibly be a hidden agenda here. Stock manipulators should all rot in hell.
    17 Jan 2014, 01:38 AM Reply Like
  • redarrow5150
    , contributor
    Comments (1366) | Send Message
     
    Yeah who are we to voice an opinion on article about Yahoo! If you talk negative about it must mean you're shorting the stock.
    17 Jan 2014, 08:34 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
     
    One poster on this comment thread recommend selling, and that's his opinion. Hardly the work of manipulators...sounds like someone's desperately clinging onto his Yahoo investment?
    17 Jan 2014, 11:39 AM Reply Like
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