Bloomberg: Yahoo to Offer Severance Plans After Microsoft Bid
February 20, 2008 – 1:48 pmNow that a bunch of people have been cut, the games with severance pay, benefits, grants, and options are being played to either fend-off… or more likely “pump up the value” of Yahoo. From Bloomberg:
Full-time employees would get at least four months of severance pay and executive officers will get 24 months, Sunnyvale, California-based Yahoo said yesterday. Employees will be eligible for the payments if they are fired or leave for "good reason" within two years of a purchase, Yahoo said…
…Yahoo’s plans also entitle departing employees to health insurance, accelerated vesting of options and job-search assistance.
Yahoo! ought to adopt “Pump it Up” as its theme song: