Yahoo fire chief operating officer with package of $58m

Yahoo’s recently fired chief operating officer left the internet company with a severance package of $58m (€42m) even though he lasted just 15 months in the job.

The disclosure in a regulatory filing could lead to more second-guessing about Yahoo chief executive Marissa Mayer’s decision to hire Henrique de Castro as her second-in-command in October 2012.

Ms Mayer dumped Mr de Castro in January after concluding he was not executing her plan for reviving Yahoo’s lacklustre ad growth. Mr de Castro had been in charge of ad sales.