Here's The Maths That Shows How Henrique De Castro Walks Away From Yahoo With $US109 Million

Henrique De Castro is walking away from Yahoo with even more money than we initially realised.

Executive compensation firm Equilar estimates he’s getting $US109 million now that he’s been fired by Marissa Mayer.

That’s a lot of money for just 15 months of work. That’s more than most people get for building and selling a startup. That’s more money than the highest-paid athlete in the world, Tiger Woods, made last year. Woods got $US83 million.

How is he getting so much money? Equilar broke it down for us:

While working at Yahoo he received the following:

  • Salary of $US684,092.
  • Bonus of $US640,000 (includes estimated target bonus payout for 2013 of $US540,000).
  • Make-Whole bonus of $US1,000,000.
  • Value of vested portion of performance option award: $US20,973,716.
  • Value of vested portion of initial RSU award: $US10,610,293.
  • Value of vested portion of make-whole RSU award: $US10,882,349.

Total Value Earned: $US44,790,450

Upon his termination, a portion of each of his equity award vested as well (all values using yesterday’s closing stock price of $US41.07):

  • Severance payments (1x salary and target bonus): $US1,140,000.
  • Value of accelerated performance option award: $US20,973,716.
  • Value of accelerated initial RSU award: $US9,794,117.
  • Value of accelerated make-whole RSU award: $US32,647,046.

Total accelerated equity value: $US64,554,879

Grand Total of both amounts: $US109,345,330

Equilar’s director of Governance Research, Aaron Boyd tells us this based on the assumption De Castro was fired without cause. Boyd thinks it’s a “safe bet” that he was fired without cause based on the language Mayer used in her memo announcing his ouster.

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