Yahoo’s ousted no. 2 made more than his boss. COO Henrique de Castro was paid $96 million for his 15 months on the job

Yahoo’s ousted no. 2 made more than his boss. COO Henrique de Castro was paid $96 million for his 15 months on the job

Henrique de Castro, who was fired in January as Yahoo’s chief operating officer, was paid handsomely for his largely unsuccessful efforts to turn around the company’s flailing advertising business.

For his 15 months on the job, he received about $96 million in compensation, according to the proxy statement that Yahoo filed on Wednesday.

The largest portion of the payout, $58 million, was severance, which was directly linked to the rise in Yahoo’s stock price during the time he was employed.

Mr. de Castro, a former Google executive, was also awarded $11 million in salary and stock-based compensation in 2013 and $39 million in 2012, according to the proxy, although he lost a large chunk of it because the stock wasn’t fully vested when he left.

http://bits.blogs.nytimes.com/2014/04/16/its-official-yahoos-former-no-2-made-a-lot-more-than-his-boss/?_php=true&_type=blogs&_r=0

Henrique de Castro received about $58 million in a severance package after 15 months on the job as Marissa Mayer's top lieutenant at Yahoo.

Amazon and Google’s mammoth battle for the cloud. Google is playing catch-up with a single market leader, Amazon, that has a track record of destroying incumbents in every industry it gets into. What Google has in its favor, besides a sheer technical expertise, is that it already runs the biggest cloud-computing operation in the world—just that it puts most of it to a different use

Amazon and Google’s mammoth battle for the cloud. Google is playing catch-up with a single market leader, Amazon, that has a track record of destroying incumbents in every industry it gets into. What Google has in its favor, besides a sheer technical expertise, is that it already runs the biggest cloud-computing operation in the world—just that it puts most of it to a different use

http://qz.com/196819/how-amazon-beat-google-attempt-to-dominate-the-cloud-before-it-even-got-started/

 

The Quest To Kill Cash: How Peer-To-Peer Payments Apps Are Improving The Way We Pay

The Quest To Kill Cash: How Peer-To-Peer Payments Apps Are Improving The Way We Pay 

A peer-to-peer (P2P) payment is a payment made outside of a formal business context. Paying a babysitter or paying a roommate for your share of the rent are examples.

As they stand, peer-to-peer payments aren’t as easy as they could be. They are primarily made in cash or with a check, which means they are slow or require making a trip to an ATM or bank. But if you use the Venmo app, for example, to pay your roommate for your share of the rent, you can make the payment instantly whether you’re near or far, even if you don’t have a check or cash.

http://www.businessinsider.com/how-peer-to-peer-payments-apps-are-improving-the-way-we-pay-2014-4

U.S. P2P Mobile Payments

 

“Death Spiral” – Harvard Professor Predicts Up To Half Of US Universities May Fail In 15 Years

“Death Spiral” – Harvard Professor Predicts Up To Half Of US Universities May Fail In 15 Years 

Soaring student debt, competition from online programs and poor job prospects for graduates are shrinking the applicant pools for many universities

http://www.zerohedge.com/news/2014-04-14/death-spiral-harvard-professor-predicts-half-us-universirites-may-fail-15-years

Trading Made Simple. As stocks once again flip-flop from manic depressive to manic impressive; heading into the last few hours of the day, we thought we would simplify the art of trading a little with the following flowchart

Trading Made Simple. As stocks once again flip-flop from manic depressive to manic impressive; heading into the last few hours of the day, we thought we would simplify the art of trading a little with the following flowchart

http://www.zerohedge.com/news/2014-04-15/trading-made-simple