It took just a few hours, if that, for the questioning to begin after Yahoo Inc. fired its COO, Henrique de Castro.

For HR managers, one of the questions that generated the most chatter was Castro's compensation package – and just how much he was able to walk away with.

"It appears that … de Castro has received a severance package in excess of $29 million. If true, it ranks as one of the most expensive severance packages, especially for less than two years of service," said executive compensation expert Bruce R. Ellig, author of the "The Complete Guide to Executive Compensation."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.