5 ms·
Followed this one closely as did many in the Silicon Valley IT circle. Court docs showed he was making ~900k per year so this decision was very short sighted.
by nflxsre 5y ago
Followed this one closely as did many in the Silicon Valley IT circle.
Court docs showed he was making ~900k per year so this decision was very short sighted.
He bought a house with kickbacks for ~800k which was forfeited as part of sentencing and now worth over $2.5M.
Prior to getting caught, he had been recruited as CIO of Yahoo pre-acquisition to Verizon. There is no public data on his salary but comparable C level excecs were making millions per year. The previous CIO had a $30M exit package.
When Verizon bought Yahoo he could have made millions more in retention and/or exit package.
All said, this easily cost him $10M in lost compensation to date and orders of magnitude more given his career trajectory.
Albeit he made a poor decision, Mike was an incredibly talented engineer/leader. Shame to see his career end this way.