January 16th, 2014
07:00 AM ET

Yahoo's Number Two is Out

Henrique de Castro will leave  Yahoo with a severance package that could be worth $42 million,  and that's for a little more than a year on the job.

De Castro was Marissa Mayer's first big hire when she became CEO of Yahoo. But the "Wall Street Journal" says Mayer decided de Castro needed to go because he didn't deliver the ad-growth she needs.

See this story and more in today's "Money Time" with Christine Romans.

Filed under: Money Time • News • Videos
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