Yahoo Adopts a new Severance package


	Yahoo Adopts a new Severance package

nebby12

2-19-2008 6:40 PM

295 views

tags:

yahoo, severance packages

nebby12 says:

Wow! What a package. I wish that I had received that from my former employer.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d3868953-464d-4b2a-91a6-eef4b743df8f/118F4EEC-31B7-4884-8980-1CEBAF754CE5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://apnews1.iwon.com//article/20080219/D8UTLPT80.html" href="http://apnews1.iwon.com//article/20080219/D8UTLPT80.html" style="font-size: 11px;">apnews1.iwon.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://apnews1.iwon.com//article/20080219/D8UTLPT80.html"><B>Yahoo Adopts New Severance Plans</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://apnews1.iwon.com//article/20080219/D8UTLPT80.html"><P>SUNNYVALE, Calif. (AP) - Yahoo Inc. (<A href="http://money.iwon.com/jsp/qt/short.jsp?symbol_search_text=YHOO">YHOO</A>) (<A href="http://money.iwon.com/jsp/qt/short.jsp?symbol_search_text=YHOO">YHOO</A>) is adopting severance plans to take effect if the Web portal is taken over by <A class="iAs" classname="iAs" href="#" target="_blank" itxtdid="5350500">Microsoft</A> Corp. (<A href="http://money.iwon.com/jsp/qt/short.jsp?symbol_search_text=MSFT">MSFT</A>) (<A href="http://money.iwon.com/jsp/qt/short.jsp?symbol_search_text=MSFT">MSFT</A>)</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://apnews1.iwon.com//article/20080219/D8UTLPT80.html"><P>The plans cover all of Yahoo's full-time employees, including its top executives, for two years after a change in control of the company.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://apnews1.iwon.com//article/20080219/D8UTLPT80.html"><P>Workers who lose their job without cause - or quit for good reason as Yahoo defines it - would continue to receive their salary and medical benefits for four to 24 months, plus reimbursement for "outplacement services" for two years.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://apnews1.iwon.com//article/20080219/D8UTLPT80.html"><P>The departing employees' stock options would also vest faster than scheduled.<BR /></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/118F4EEC-31B7-4884-8980-1CEBAF754CE5/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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