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| UPDATED: 2008-05-02 |
 Microsoft Sets Aside $1.5 Billion To... 
By: David Snyder 2008-05-02 ...Retain Yahoo Employees. And so the Microhoo saga continues. The Wall Street Journal reports that Microsoft plans to allocate $1.5 billion... ... dollars to employee retention if the merger goes through. This is according to court documents in a shareholder lawsuit cited by the WSJ. According to CNET: "The documents include transcripts of a March 24 conference call hearing between attorneys for Yahoo and two Detroit-based pension funds. During the call, a Yahoo attorney noted Microsoft had informed the company that it earmarked $1.5 billion for employee retention at Yahoo, cites the Journal." The court transcripts note a Yahoo attorney stating, there are no more reductions in force planned for the future. This, and the fact that Search Engine Land is reporting that the $1.5 billion is not tied to severance packages, should at least let the 13,200 employees of Yahoo rest a little easier. CNET points out that the per-employee amount of this $1.5 billion works out to about $113,636"thats more than 100% less than was allocated to Tellme Networks employees after Microsoft took over that company. But so the world turns, and tomorrow will involve further speculation and drama: TechCrunch says they know 8 of the next 12 board members to be nominated by Microsoft to the Yahoo shareholders in a hostile takeover, so that should give us something to chew on for a while. Comments Tag: Microsoft, Yahoo Add to  Del.icio.us |  Digg |  Reddit |  Furl About the Author: David Snyder is a Search Marketer and SEO for JRDunn.com and contributing author for Andy Beal's MarketingPilgrim.com |
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