Yahoo’s CTO, Farzad Nazem, Resigns
Yahoo! Tech Chief Checks Out from The Street reports that Yahoo’s Chief Technical Officer, Farzad Nazem is leaving Yahoo by June 8th. In a SEC filing posted today, a separation agreement declared Mr. Nazem will be receive a “lump-sum payment as of the Separation Date equal to” Nazem’s base salary. In addition, his outstanding stock […]
Barry Schwartz on May 30, 2007 at 5:02 pm | Reading time: 1 minute
Yahoo! Tech Chief Checks Out from The Street reports that Yahoo’s Chief Technical Officer, Farzad Nazem is leaving Yahoo by June 8th.
In a SEC filing posted today, a separation agreement declared Mr. Nazem will be receive a “lump-sum payment as of the Separation Date equal to” Nazem’s base salary. In addition, his outstanding stock options will continue to vest and shall remain exercisable as per the previous terms. Namez cannot work for Google and Microsoft (those were named specifically) for a three year period.
Postscript: Nazem explains his retirement with, Eleven years, 12,000 Yahoos, and one great ride at the Yahoo Yodel blog.
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Barry Schwartz is a Contributing Editor to Search Engine Land and a member of the programming team for SMX events. He owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry can be followed on Twitter here.