2 ms·
What Yahoo doesn’t want you to know about the Microsoft deal
- aston 18y agoThe Micro-hoo debacle is kind of old hat right now, but the fact that Yang actively hid information to make the MSFT offer look worse is pretty big news.
- bayareaguy 18y agoUltimately, Yang came up with a plan that provided full acceleration of all equity-based compensation ever granted to all employees. This plan has been described as a “poison pill” that served no purpose other than to thwart Microsoft. In an internal email, Compensia (a human resources consulting firm retained by Yahoo) President Tim Sparks had this to say about the plan: “That’s nuts“. So if Yahoo were to be bought everyone with any talent who presumably would not want to work at Microsoft would immediately vest and leave? Wow. Could such a plan ever be in the interest of existing shareholders?