YAHOO CHIEF OPERATING OFFICER LEAVES

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SAN FRANCISCO: Yahoo chief operating officer Henrique de Castro is walking away with a stock award of $20 million as the company struggles to boost revenues, regulatory filings showed. The California-based Internet firm’s second-in-command will be out effective Thursday (Friday in Manila), having served in the post about 15 month’s since being hand-picked by chief executive Marissa Mayer shortly after she took charge. Yahoo did not reveal the reason for the departure, but speculation was strong that the company’s advertising revenues were not improving quickly enough.

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AFP

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