Judge OKs Settlement In Yahoo Shareholder Suit

narramissic writes "On Friday, Judge William Chandler III of the Delaware Court of Chancery approved a settlement that will roll back a Yahoo employee severance that was implemented by Yahoo's former leaders. Some investors, including the vocal Carl Icahn, described the plan as a poison pill, arguing that the severance payouts would be so expensive that no company would want to acquire Yahoo. The settlement narrows the reasons why employees can quit and receive the severance, removing some of the incentives for them to leave the company in the event of a Yahoo acquisition, whether by Microsoft or some other suitor."

Comments

second post

[Anonymous Coward]

I just took a #2 if anyone is hungry

Re:And In Other News...

[cayenne8]

...well, still, I don't think this is quite as bad as the new plan in congress...to allow judges to interfere with legal, agreed upon contracts. This law to allow judges to step in, and arbitrarily tell a bank/mortgage company they MUST re-adjust the loan for less interest, and/or lower principal of what a home is now worth...sets a precedent that is MUCH further reaching than just 'saving' a home owner.

And by the way...when did people get so squeamish about being 'under water' or upside down in a loan? Anyone who has purchased a new car, has done this the second they drove the car off the lot. You don't sweat it, 'cause a car is something you keep awhile to use. What is different about a house/home?

Still...either way...I'm getting very jumpy about judges messing with legal agreements.