Yahoo Executive Gets $58 Million As Severance Pay Henerique De Castro, Yahoo’s CEO was fired recently and has been given a $58 million severance package for leaving the company, albeit he only worked there for about 15 months. It was a regulatory filing made on Wednesday that disclosed this information and has given rise to more second-guessing as to why de Castro was employed by Yahoo’s chief executive officer Marissa Mayer in 2012 to play the role of her second-in-command.
Supporters of Bain Capital owned Sensata Technologies employees blockade semi trucks carrying manufacturing equipment to China. Bain Capital/Sensata is closing their factory despite considerable profits and moving their jobs to China as a way to "Harvest" greater profits. 170 US workers have been cheated out of their full severance pay and forced to train the chinese workers who will replace their jobs. Mitt Romney founded Bain Capital in the 1980s and still remains a major stockholder.
Google has big plans for Motorola, it just doesn't include 20% of its current global workforce or about 4000 employees. Google has filled in the 8-K form as part of the SEC filing to show the cost incurred due to the layoffs as well as the severance pay that has to be given to the employees.