- Image via CrunchBase, source unknown
Just one day after their massive layoffs were announced, Yahoo is back in the spotlight again, albeit not the way they want, I’m sure. Today, Yahoo announced that they have reduced their severance stipulation, a move which reduces one of the possible barriers to their eventual and, at this point seemingly inevitable, acquisition.
According to the Associated Press, the new plan will make it much harder for any Yahoo employees laid off after a merger to receive the lovely severance packages that were promised to all of their 14,000 employees (at that time anyway) while Microsoft was taking aim at the company…
Yahoo agreed to revisions that will make it more difficult for employees to qualify for severance pay after a takeover. The changes also limit the eligibility period to the first year following a sale and allows the board to scrap the plan entirely—an option that wasn’t available under the original terms.
The revisions also specify the severance packages won’t be available if Yahoo decides to sell its search operations to Microsoft. That’s a deal several major shareholders, including board member Carl Icahn, are trying to make happen.
The changes seem to have been brought about as part of an effort to settle a lawsuit by a Yahoo shareholder alleging that the severance plan was a “poison pill”, devised for the sole purpose of preventing a buyout by Microsoft.
These new changes to the severance plan are effective immediately, however, if there is no settlement in the Yahoo lawsuit within the next ninety days, the severance plan changes will revert automatically.
Yahoo, of course, maintains that the changes are in no way an effort to attract a new buyer for a piece or all of the company. Microsoft still says that they are no longer interested in buying anyway. Time will tell.
By the way, if you haven’t realized it already, marketing on Google is becoming difficult these days.
Think of it like this…
Google is a complicated relationship, the kind where you walk on eggshells and watch everything you do and say.
Yahoo, on the other hand, is your good time party date, the one you call for a fun night without having to answer questions about “Where’s this whole is thing headed?”
There is a NEW discovery…and now is the perfect time to cash in. You see, the “Yahoo Glitch” works like a Swiss Watch, with the same exact precision – day in and day out.
Want to know more? Check out Yahoo Cash 4 Idiots right now.
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