New provisions to provide generous
severance packages to all full time
Yahoo employees makes a takeover a more
expensive proposition.
Yahoo would like its employees to focus
on their day to day tasks rather than
the specter of a Microsoft takeover.
But if someone buys Yahoo, those employees
will have the option to depart with
a nice package, courtesy of the shareholders
of the acquiring company.
At Silicon Alley Insider, details of
the plan include the ability to trigger
the package by simply deciding to leave
the company. The parting gifts looks
like a Fortune 500 version of The Price
Is Right's showcase prizes:
• up to two years of full pay and benefits
following departure,
• $3,000-$15,000 of "outplacement services"
(help finding a new job),
• accelerated stock and option vesting,
and
• the ability to leave the company -
and trigger the severance payments -
for any "good reason" (including, presumably,
that you'd rather get paid not to work)
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