Yahoo to Icahn: What's Your Plan?

Schachter, Ken
June 2008
Red Herring;6/5/2008, p2
Trade Publication
The article reports on the open letter made by activist investor Carl Icahn which charged Yahoo Chief Executive Jerry Yang of engineering a severance plan that would trigger a massive employee walkout in a bid to sabotage Microsoft's takeover bid. In response, chairman Roy Bostock charged that Icahn misrepresented Yahoo's actions and challenged the investor to offer any credible plan. Bostock said the severance program is designed to retain highly coveted employees and that Icahn's characterization of it as a poison pill is just plain wrong.


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