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Valleywag
During proceedings in a shareholder lawsuit against Yahoo's board, Microsoft lawyers said that the company has set aside $1.5 billion to retain Yahoo employees. This cash is separate from a Yahoo board-approved severance package that guarantees two years' pay to anybody laid off after a change in control. Already, two-thirds of our readers said they would prefer to see Yahoo merge with Microsoft instead of AOL. Sources confirm the sentiment is similar inside of Yahoo. (Photo, "Free Man's Prison," by code_martial)
Microsoft plans to offer Yahoos $1.5 billion if they'll stay with the company
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10:00 AM on Wed Apr 30 2008
By Nicholas Carlson
1,806 views
6 comments
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sevarance pay if only for 4 months for majority of yahoos, not 2 years
So that's about $100K for each Y!?
Of course the devil is in the details. Is this an up front lump sum? Seems very unlikely. How long does it take MSFT to pay it out? Over 1 year, it's great, over 5 years, it's much less impressive.
$100k over 5 years - how is that not a sweet deal? Do you you have a toilet made of gold?
@braumeister: Hmm, No, I don't, yet, but it would go great with my golden washing machine.
Expect the cash to skew in favor of Yahoo!'s do-nothing upper management. The bottom-rung people will get the usual: enough cash to tide them over until their next equally unrewarding job.
My guess would be that a chunk of that $1.5B is to help retain Microsoftees...
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