back to article Yahooligans! cower! as! COO! was! reportedly! SACKED! by! Mayer!

Yahoo! has refused to deny that its chief operating officer Henrique de Castro was sacked by the Purple Palace's boss Marissa Mayer. Kara Swisher reported on re/code, citing a leaked internal memo, that Mayer had in fact fired the web company's COO. Yahoo! revealed on Wednesday that de Castro would leave the biz today – having …

COMMENTS

This topic is closed for new posts.

Reading fail

I'm obviously not up on the executive world. I read that headline, assumed it was an attempt at a Scots accent and wondered why Yahoo! employed cows in the first place.

1
0
Silver badge

That sweet goodbye

He takes away over $100 million for his year on the job. That's nice work if you can get it. That will buy a lot of salve for the burn.

5
0
Silver badge

Re: That sweet goodbye

If I had $2 million, I'd have a very comfortable life and never need to work again. What do these people do with all that money?

5
0
Silver badge

Re: That sweet goodbye

Set up a VC fund

Buy a(nother) 737

Buy a mega-yacht (that's $300m right there)

Buy an island

Buy another really, really big house in a prime area

Keep paying the flunkies and servants who work in all the other houses

Have a holiday on the ISS (...my personal favourite)

$100m sounds like a lot, but all those essential expenses soon add up.

4
0
Silver badge

Re: That sweet goodbye

That's what everybody says, but it rarely works that way. People nearly always live up to the level their income will support, and at least a step beyond.

Wealth that you create (as opposed to inheriting) has always created a bit of a paradox. As a rule, the people capable of making a few million dollars are not the sort who rest on their laurels. They've got a hyperactive sense of underachievement and can never be satisfied. Those who would retire to an island hoping to die from overexposure to an army of naked umbrella drink girls rarely find themselves in a position where they could make enough money to do that.

I believe it comes down to personal philosophies on life. Making a lot of money isn't 'hard', it is making a lot of money and still having a close family, morals non-sociopaths can live with and not generating hatred everywhere you go that's tough.

Rich people are (in)famous for making exceedingly stupid decisions and the public believes it is the money that's responsible. The truth of the matter is that those people have always made stunningly bad decisions where they were mindlessly risking everything, all the time. A few just get lucky and get rich as a side effect of being to a greater or lesser degree completely unhinged.

Sure, there are exceptions. Warren Buffett is a good one. He's calm, deliberate and calculating as well as being just an all around gentleman with manners and respect for all people. Those kinds of wealthy people are exceedingly rare. Most ultra wealthy people are more like Larry Elison. The kind of person who if you were alone with in Trafalger Square you'd feel trapped and be looking for an exit, hoping he doesn't notice you.

That's not to say Larry Elison is a bad or evil guy (we've never discussed his morals) but he's hyper aggressive and sees the world in a completely different way than normal people. If he says 'good afternoon' it activates your evolutionary survival instincts. A 'good afternoon' for people like him can fall anywhere between 'a good afternoon for drinks on the roof' and 'a good afternoon to buy an island and play Jenga with the bones of the natives that lived there until about 3mins ago'.

My point in all that is that people aren't changed by money so much as people who have a lot of money tend to display their true nature, which let them get the money to begin with, more openly. If there were no Oracle, Larry Elison would still be exactly the same person except you wouldn't take him to the pub because he's guaranteed to accidentally/on purpose start a fight with some girls boyfriend, or something suitably dumb like most hyper aggressive people do.

That in no way was intended to insinuate you have to be dangerously unstable to get rich. I was attempting to clarify why some people can never have enough money. No insults or slights intended.

14
0

Re: That sweet goodbye

"The kind of person who if you were alone with in Trafalger Square you'd feel trapped and be looking for an exit, hoping he doesn't notice you."

Aka, narcissistic psychopath.

2
0
Silver badge

If I had $2 million, I'd have a very comfortable life and never need to work again.

Really? Are you sure?

Because I worked out that I'd need a bare four million bux to do the same at age 42 and maintain the roof over my family's head, and I'd be living carefully with no real reserve for hurricane-sorry-superstorm Sandy-like events or deal with a major medical event.

And I did those sums in 1995.

1
1
Silver badge

Re: That sweet goodbye

"... why some people can never have enough money. No insults or slights intended."

(Takes out wallet & looks inside - still empty) None taken.

3
0
Bronze badge

Re: If I had $2 million, I'd have a very comfortable life and never need to work again.

If you live off the interest from £4m, you get a modest yearly income forever. If you burn through the capital, you can live high on the hog for a short time. I, too, did those sums in the 1990s at a younger age and thought I would have to be frugal if ever I won the lottery. Now I'm old enough to burn through the capital. Sadly, the lottery has decided to withhold itself from me, presumably because of my hubris, or merely because the numbers are randomly selected. And I don't often buy a ticket.

0
0
Silver badge
Childcatcher

Re: That sweet goodbye

OK, so taxes take $50m of that.

I (and my family) could live out the remainder of my life in pretty nice style on $50m.

The interest off $50m, actually.

0
0
Silver badge

Re: That sweet goodbye

$100m sounds like a lot, but all those essential expenses soon add up.

A billion here, a billion there, and pretty soon you're talking about real money.

Everett Dirksen

0
0
Anonymous Coward

Re: That sweet goodbye

You said it very well but I would add two classic quotes here :

"What good is money if it can’t inspire terror in your fellow man?"

and

"I’ll keep it short and sweet — Family. Religion. Friendship. These are the three demons you must slay if you wish to succeed in business. When opportunity knocks, you don’t want to be driving to a maternity hospital or sitting in some phony-baloney church. Or synagogue."

- Montgomery C. Burns

1
0
Silver badge

Re: That sweet goodbye

One of the biggest disappointments of my adult life was discovering that my childhood plans for global domination through the magic of compound interest wouldn't work.

You can't draw interest on large sums of money, banks have all that capped. You have to convert your money into some other vehicle and collect interest and/or defer taxes that way. Most of those other instruments aren't easily convertible (or if they are they've got shit for returns) so you end up borrowing money from the bank against those other instruments. If everything works out right you can offset the fees and interest on those loans with the returns on the various instruments your money lives in.

It's really weird, and very counterintuitive, but the more money you have, the further you are away from it. Unless you are insane & keep mountains of cash around you end up having to pay to use your own money.

0
0
Silver badge

Flog that dead horse!

A joke told a thousand times must continue to be funny! More exclamation marks I say!!!

1
5

Re: Flog that dead horse!

Truth is I only read Yahoo story comments to confirm my belief that at least one dullard will come out of the woodwork and whine about the exclamation marks.

3
1

Fooking Amateurs

Y!a!h!o!o!l!i!g!a!n!s! c!o!w!e!r! a!s! C!O!O! w!a!s! r!e!p!o!r!t!e!d!ly! S!A!C!K!E!D! b!y! M!a!y!e!r!

There11 Fixed.

http://www.youtube.com/watch?v=V7Nci-GVuHE

Now you have to ask yourself. Did I use up all my exclamation marks or... Do you feel lucky Punk?

1
0
Silver badge

Re: Fooking Amateurs

I have no doubt you have an entire magazine filled with exclamation marks (or straightened question marks if you ran out of those), the question is "do you think you can blow my head clean off" with them?

0
0
Bronze badge

Re: More exclamation marks I say!!!

ITYM more! exclamation! marks!

0
0
Anonymous Coward

Re: Flog that dead horse!

But its not just exclamation marks anymore ... its animated exclamation marks that spin into place ... at least that what I noticed the Yahoo! logo on the UK finance page does now - may have been doing this for ages but I only noticed it a couple of days ago and now I can't stop noticing it as its bloody annoying!

0
0
Silver badge
Alert

Re: Fooking Amateurs

I think we need a belt-feed, multiple barrel exclamation point delivery system along the lines of the M61 Vulcan. Icon --> Well... because!!!!!!!!!!!!!!!

Let no phrase or word be un-exclaimed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

0
0
Silver badge

Re: Fooking Amateurs

I gots to know!

0
0
Silver badge
Trollface

Oh Marissa! "Sacked with benefits" - How can one say "no"?

It announced the move in a US Securities and Exchange Commission filing, and confirmed that de Castro would be given severance benefits.

I misread that as "would be given severe benefits".

What's wrong with me.

0
0
Angel

SACKED! by! Mayer!

she could sack me anytime.

0
0
Bronze badge
Coat

better than being de-sacked

getting my coat and leaving now

0
0
Silver badge

future endeavored?

Doesn't Vince have copyright on that?

0
0
Happy

8K

> The Register asked Yahoo! about the sacking. It told us: "We aren’t commenting beyond the 8-K."

The 8K ought to be enough for anyone.

0
0
Anonymous Coward

Marissa Meyer == The New Carly Fiorina

Does this Blonde Bimbo CEO have any qualifications or skills?

I don't consider California Blonde Bimbo as being a qualification or skill (apparently the Yahoo! Board disagrees).

0
0

Re: Marissa Meyer == The New Carly Fiorina

You wouldn't per chance be a [soon to be] former employee?

>apparently the Yahoo! Board disagrees

As does the stock market (probably explains the board's point of view). And her former employer didn't really have much use for her either. Wasn't her job to make the place seem like less of a sausage party? Or was it running the search page? I can never remember.

I'll bet the blond bimbo has skills that neither you, the board, nor I will see. And in my case, at least, that is a shame indeed.

!

0
0
Anonymous Coward

Re: Marissa Meyer == The New Carly Fiorina

> You wouldn't per chance be a [soon to be] former employee?

Thankfully, no. Never worked at Yahoo, don't intend to, ever.

But thanks for trying.

0
0

Re: Marissa Meyer == The New Carly Fiorina

There are blondes with brains or did you not get that memo?

Sorry to burst your bubble, Mr. A. Coward-McBitter, however if you have ever lived in California, you would realize that most of the bimbos here are male.

0
0
Anonymous Coward

Re: Marissa Meyer == The New Carly Fiorina

Gender is not an issue in California; people of all sexes there are as beautiful on the outside, and as ugly on the inside, as each other.

0
0

This post has been deleted by its author

This topic is closed for new posts.

Forums