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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
...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 course, have been public knowledge since the...
 
 
 
 
 
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New Yahoo Hire: Jerry's Severance Plan Makes Plenty Of Sense

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2008-06-16 16:01:00 by Peter Kafka in Silicon Alley Insider
...severance package -- the one that has Carl Icahn , and now the NYT's Joe Nocera , so whipped up. Not surprisingly, the defender is a Yahoo employee But Eran Hammer-Lahav, Yahoo's "Open Standards Evangelist", makes a point worth considering. Eran, who just landed a job with Yahoo last month, is unlikely to parlay the controversial severance...
 
 
 
 
 
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Blow to Icahn: Proxy Loss Triggers Yahoo (YHOO) Severance Bonanza. When Will Carl Give Up and Sell?

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2008-06-11 09:52:00 by Henry Blodget in Silicon Alley Insider
...severance-bonus plan Yahoo put in place to fight off Microsoft . This will ensure that whatever management moves Carl's new board makes will cost shareholders a ton of money and put Yahoo even more behind the eight ball Yahoo's executives can't just quit and take the package. But our understanding is executives can resign for "good reason,"...
 
 
 
 
 
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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
...severance "poison pill." [ old news Fire Jerry, hire real CEO. [ old news Tell Microsoft there will be no "alternative deal"--i.e., no sale of the search business. This is new Offer to sell Yahoo to Microsoft for $34.75 If Microsoft says "No," do a search deal with Google Lastly, Carl tells Roy to offer the company publicly to Microsoft for...
 
 
 
 
 
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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
...severance plan that has entrenched Yahoo against Microsofts bid. The plan allows Yahoo employees to walk away with hefty amounts if and when Microsoft acquires it, sighting any stupid reason. Once the employees are gone Yahoo would be as good as dead meat for Microsoft. In the presence of this plan Microsoft will never sit on the negotiation...
 
 
 
 
 
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Yahoo outlines golden parachutes for employees

2008-02-19 23:24:00 by Dawn Kawamoto in Webware.com
 
...severance plans, should the Internet search pioneer find itself under new ownership, aka Microsoft Yahoo, which is facing an unsolicited buyout bid from Microsoft , will offer both full-time employees and executives anywhere from four months to two years of severance pay, depending on their job title The parachute, or cushion, will kick into...
 
 
 
 
 
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What Not To Watch On The Web: Sue Decker's CNBC Interview

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2008-06-04 16:03:00 by Peter Kafka in Silicon Alley Insider
...severance package, retention agreement, whereas if someone comes in and a change of control, yahoo! could pay out anywhere from $470 to $2 billion to its employees. now your biggest shareholders were upset when Microsoft walked away and they felt like yahoo! had been a little resistant and now maybe more upset about the severance agreement...
 
 
 
 
 
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Judge Unseals Yahoo-Microsoft Lawsuit, Scandalous Details Emerge

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2008-06-02 19:10:00 by Henry Blodget in Silicon Alley Insider
...severance plan Some details Microsoft Offered $40 For Yahoo in January 2007; Terry Semel Said 'Take a Hike Microsoft Went Public With Offer Because Believed Yahoo Would Not Sell At Any Price Yahoo's New CTO, Ari Balogh, Disagreed With Jerry's Decision to Implement Wildly Expensive New Severance Plan To Deter Microsoft The Compensation...