TITLE

''You're a Self-Destructive Doomsday Machine!!"

AUTHOR(S)
Donovan, John
PUB. DATE
July 2008
SOURCE
Portable Design;Jul2008, Vol. 14 Issue 7, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the issue concerning the bid of Microsoft Corp. for Yahoo Inc. due to its underperforming situation in the U.S. It is stated that Carl Icahn is major Yahoo stockholder famous for taking over corporate boards at underperforming companies. Icahn is firing chief executive officer (CEO) Jerry Yang of Yahoo and turning the firm around. It is revealed that Yang created a poison pill to ward off further Microsoft incursions. It gives each of Yahoo's 14,000 full-time employees the right to quit from their job and pocket generous termination benefits at any time during the two years following a takeover.
ACCESSION #
33777584

 

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