stop pics

вторник, 19 марта 2019 г.

«Breaking News» Ex-executive Tim Armstrong to make off with $60million payout after leaving Verizon's Oath

Tim Armstrong, the first-ever CEO of Verizon’s Oath, will receive $60million to leave the company even though the division he led saw its value drop by half, it has been reported.


In a move announced by the company last fall, Armstrong left after his stint as the head of the Verizon unit that included faded internet stars AOL and Yahoo.


The $60million payout is derived from a combination of salary, severance, and an incentive package that he received when Verizon acquired AOL in 2015, according to The Wall Street Journal.


The bulk of the payment is from the $31.1million founders award he received last year. 




Tim Armstrong, the first-ever CEO of Verizon’s Oath, will receive $60million to leave the company even though the division he led saw its value drop by half, it has been reported


Tim Armstrong, the first-ever CEO of Verizon’s Oath, will receive $60million to leave the company even though the division he led saw its value drop by half, it has been reported



Tim Armstrong, the first-ever CEO of Verizon’s Oath, will receive $60million to leave the company even though the division he led saw its value drop by half, it has been reported



He is due to receive more than $16million if the value of the internet division remains the same as its value at the end of 2018. 


His base salary for 2018 was $12.5million while the cash severance he will receive from the company exceeds $6.3million.


According to the terms of his severance, Armstrong is not allowed to recruit Verizon customers or employees for a period of one year. He is also not allowed to directly compete with the company during that time.

The digital department at Verizon  


Armstrong was the first chief executive at Oath, the name chosen when Verizon acquired Yahoo and incorporated the internet pioneer into a new division that had promised to innovate in online media.


Verizon said in a statement last September that Armstrong 'will help guide the Verizon subsidiary's management transition efforts as a strategic advisor before leaving the company at the end of 2018.'


He was replaced by Guru Gowrappan, who had previously served as Oath's president and COO since April.




Armstrong served as CEO at AOL from 2009 until it was acquired by Verizon in 2015


Armstrong served as CEO at AOL from 2009 until it was acquired by Verizon in 2015



Armstrong served as CEO at AOL from 2009 until it was acquired by Verizon in 2015



Gowrappan, a former Alibaba executive, 'has proven experience in scaling businesses globally,' said Verizon CEO Hans Vestberg.


'I'm thrilled he will lead Oath in an exciting new phase of growth, building on the foundation Tim and his team have created by delivering brands our customers love.'


Armstrong served as CEO at AOL from 2009 until it was acquired by Verizon in 2015.


He steered the group into online media, acquiring properties including the Huffington Post and TechCrunch.


Combining AOL and Yahoo was seen as a way for Verizon to move deeper into online media and digital advertising.


At the time of the acquisition of Yahoo, Armstrong tweeted: 'Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017.'


But the rebranding was mocked on social media, with one Twitter user writing: 'Q: Is "Oath" Yahoo or AOL? A: Boath.' 


Link hienalouca.com

https://hienalouca.com/2019/03/20/ex-executive-tim-armstrong-to-make-off-with-60million-payout-after-leaving-verizons-oath/
Main photo article Tim Armstrong, the first-ever CEO of Verizon’s Oath, will receive $60million to leave the company even though the division he led saw its value drop by half, it has been reported.
In a move announced by the company last fall, Armstrong left after his stint as the head of the Verizon unit that i...


It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves US News HienaLouca





https://i.dailymail.co.uk/1s/2019/03/19/22/11202996-6828255-image-a-24_1553035644310.jpg

Комментариев нет:

Отправить комментарий