As part of its plan to make an acquisition extremely unpalatable to Microsoft, Yahoo adopted a poison pill severance plan six months ago. Now, for the sake of satisfying some shareholders who sued it, Yahoo has made it slightly easier for a new owner to fire employees.
Mind you, Yahoo's not trying to help Microsoft out. In an internal email reprinted by Henry Blodget, the company told employees, "The amendments to the plans were agreed upon in negotiations with counsel for the plaintiffs to settle the litigation and not in anticipation of any specific transaction that the Company may consider now or in the future."
Yahoo could even sell its search business without triggering the plan.
So the messy Yahoo-Microsoft story continues to grow in size and length.
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