Thursday, October 18, 2012

Former Yahoo CFO Tim Morse leaves with big severance package

Yahoo! Inc departing CFO, Tim Morse, is leaving the company with a heft severance package, various sources report.

Morse will receive 12 months' salary, a bonus of 12 months' pay, part of his 2013 bonus, and early vesting of stock awards. Morse has been replaced by new CFO Ken Goldman who is recently appointed by new CEO Marissa Mayer.

Morse served as interim CEO at Yahoo for five months in 2011-2012.

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