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Ex-Yahoo exec: Company tried to “cheat” and “humiliate” me

Michael Katz says the company fired him just weeks before he was set to receive a $1.35 million bonus

Yahoo Inc. has been courting controversy the past few weeks. First came its edict banning current employees from working at home; now the tech company is facing a lawsuit from a former executive who claims that it fired him to avoid shelling out millions of dollars in promised compensation.

Michael Katz joined Yahoo when the Internet giant bought his ad-targeting company, Interclick, for $270 million in December 2011. As part of his compensation, Yahoo allegedly promised Katz four bonus payments totaling $4.5 million, along with vested stock options.

Alanna Byrne

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