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Icahn Calls Yahoo "Deceitful," Demands Yang Rescind $2.4B Severance Bonus Plan

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2008-06-04 19:16:00 by Henry Blodget in Silicon Alley Insider
...rescind the $2.4 billion employee bonanza severance plan that Jerry & Co. implemented to create a roadblock to a Microsoft takeover Icahn goes to great lengths to feign shock at the outrageous details of this plan (some of which were revealed in scandalous color in the lawsuit that was unsealed two days ago). Most of the key details, of...
 
Tags: yahoo, rescind, current yahoo board, yang, acquire yahoo, yahoo time, simply rescind, salvage yahoo, salvage
 
 
 
 
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Icahn asks Yang to stop his bullshit, But will it work

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2008-06-05 11:54:50 by Bilal Hameed in Startup Meme
...rescind the "plan" as long as Microsofts offer remains pending. Until now I naively believed that self-destructive doomsday machines were fictional devices found only in James Bond movies. I never believed that anyone would actually create and activate one in real life. I guess I never knew about Yang and the Yahoo Board. In my opinion, it...
 
Tags: acquisition, microsoft acquisition, yahoo acquisition, current yahoo board, yahoo board, acquire yahoo, acquire, yahoo, yahoo time
 
 
 
 
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Icahn to Yahoo Chair: You're The Liar, Roy--And Here's My Plan

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2008-06-06 14:11:00 by Henry Blodget in Silicon Alley Insider
...Rescind $2.4B Severance Bonus Plan LETTER Dear Roy While you may take issue with the content of my letter, I take issue with your oversight of Yahoo! Again, I stand by my characterization of your "poison pill" severance plan and I find it humorous to see you attempt to defend it Roy, it is you who "misrepresents and misstates the details"...
 
Tags: plan, icahn, yahoo, carl takes control, carl, icahn calls yahoo, severance bonus plan, severance plan, acquisition
 
 
 
 
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Microsoft Hostile Offer: Here Are The Key Points

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2008-04-28 13:04:00 by Henry Blodget in Silicon Alley Insider
...rescind the poison pill, either by persuading the current board to do it--or by getting this board fired and hiring another one If Microsoft were to make a tender offer, it would likely make it conditional on the board rescinding the poison pill. If it became clear that most Yahoo shareholders wanted to exchange their stock at the...
 
Tags: microsoft, microsoft-yahoo battle, yahoo, yahoo narrowly, trigger yahoo, effectively force yahoo, board, force, board fired
 
 
 
 
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Carl Icahn: I Talk To Yahoo Management, And They Drive Me Nuts (YHOO)

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2008-06-04 22:54:00 by Peter Kafka in Silicon Alley Insider
...RESCIND THAT AND LEAVE IT OPEN FOR A SUITOR TO COME IN. BUT WE'LL SEE IF THEY DO THAT KAREN FINERMAN: HI, CARL.IT'S KAREN ICAHN: HI, KAREN.HOW YOU DOING FINERMAN: GOOD.HOW ARE YOU IN I'M A BIG FAN ICAHN: KEEP GOING.KEEP WORKING FINERMAN: SO, THE PACKAGE THAT THEY PUT TOGETHER, THE SEVERANCE PACKAGE PACKAGE, A BUCK SIXTY A SHARE, FIRST OF...
 
Tags: carl, carl icahn, carl demands, carl icahn joins, icahn, yahoo, severance package, package, microsoft
 
 
 
 
 
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