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Fired Yahoo COO gets $58-million severance package

(NEWSCHANNEL 3) - Yahoo's recently fired Chief Operating Officer Henrique de Castro is getting a severance package worth $58-million.

He was with the company for just 15 months.

Yahoo CEO Marissa Mayer dumped de Castro in January after concluding he wasn't executing her plan for reviving Yahoo's lackluster ad growth.

The company's board said most of the severance stemmed from the costs of luring de Castro from his previous job at Google.