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Yahoo's departing CFO to get annual salary, bonus as severance
US-YAHOO-CFO:Yahoo's departing CFO to get annual salary, bonus as severance(Reuters) - Yahoo Inc said Tim Morse, the company's departing interim chief financial officer, will receive the severance benefits provided in his contract for a termination without cause.
Morse, who was recently replaced by Fortinet Inc CFO Ken Goldman, will get his base salary and target annual bonus for 12 months, and a prorated portion of his target annual bonus for 2013, Yahoo said in a regulatory filing.
(Reporting by Sayantani Ghosh in Bangalore)
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Related Keywords:US , YAHOO , CFO
Source:Reuters.
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