Yahoo Employee charges Plan truth exposure

Yahoo Employee charges Plan truth exposure

NetEase Science and technology news June 3, according to a secret document shows that even after a consultant questioned, Yahoo CEO Jerry Yang still forcibly passed a plan to increase Microsoft's acquisition costs of the staff fee scheme.

Details of the charge plan and other Yahoo's moves to block Microsoft's takeover have finally come to light after a Delaware State judge released some of the secret documents. According to Yahoo's internal estimates, according to Microsoft's initial release of 31 U.S. dollars per share of the purchase price calculation, the charge will increase Microsoft's acquisition costs by 4.62 to 2.1 billion dollars; if the purchase price rises to $35 per share, the potential cost to Microsoft will be as high as 5.14 to 2.4 billion dollars.

Under the charge plan, in the two years after Microsoft's acquisition of Yahoo, Yahoo employees will receive unequal amounts of equity and cash compensation if they are fired or resign because they are assigned a new job.

The cost of the program and the impact on Microsoft's bid to raise the price will become the "weapon" of the incumbent board of shareholders. Carl Icahn, a radical investor, has submitted his own list of board members to Icahn all current board members at a shareholder meeting.

A proxy war with the imam is one reason Yahoo does not want to publish related documents. Brad Williams, a spokesman for Yahoo, said the company was very dissatisfied with the decision by the judge of the William Chandler (William B. Chandler III) to release the relevant documents, but believed the plaintiff's allegations were Brad Williams. Yahoo believes that the fee plan is necessary for Yahoo to retain and attract talent during the Microsoft takeover. "We believe the plan is in the best interest of Yahoo shareholders and employees," Williams said. ”

Mark Lebovitch, a lawyer for Yahoo shareholders, praised Mark Libovich for his insistence on transparency and openness.

In addition to disclosing the cost of Yahoo's fee package, the latest documents include a sign that Microsoft had planned to buy Yahoo at about $40 a share last January, but was rejected by Yahoo. The media had similar reports in February.

Steve Ballmer, Microsoft's chief executive, made a phone call with Jerry Yang on January 31, informing him of Microsoft's plans to buy Yahoo again, according to a transcript of a meeting released this week. Mr. Ballmer said he would not disclose the takeover plan if Mr Yang showed that Yahoo was willing to sell it. Mr Yang said Yahoo would need to consider 2 days to reply, Ballmer February 1 announced the acquisition of Yahoo's plan.

As part of a boycott of Microsoft's takeover move, Mr Yang quickly set out a plan to protect employees ' interests. The discussion within Yahoo is to limit the program's coverage to about 700 officials, but Mr Yang has decided to extend the plan to all Yahoo employees. The document shows that the external consulting firm, which is employed to develop the levy scheme, Compensia against expanding the scope of the charge plan.

Judge Chandler also advises Yahoo to publish all relevant documents.

The charging plan also stipulates that Yahoo's board cannot undo the plan, according to the shareholder's indictment. The shareholder asked the court to decide that the fee scheme was invalid. (See Wind)