New Delhi, March 5: Michael Katz, one of Yahoo's high-ranking online advertising execs, in a lawsuit filed on Monday said Yahoo tried to "cheat" and "humiliate" him by firing him at a bar weeks before his first retention bonus was due.
According to the lawsuit filed in New York state court, Katz said he was promised several
The plaintiff, Michael Katz, said he was promised several annual payments of $1.35 million, along with other compensation, at the time of acquiring his firm Interclick in December 2011. Yahoo bought Interclick for $270 million
Reportedly, the internet giant used Interclick's technology in its audience-buying platform called Genome. Earlier in January, Katz was placed in charge of sales operations and data and performance optimization for Genome.
The lawsuit comes within months of new Yahoo Chief Executive Marissa Mayer, who is moving to revive Yahoo's stagnant revenue and its popularity among consumers. Mayer's management style recently hogged the limelight after news surfaced of a controversial new policy banning employees from working at home.
