Icahn's proxy fight could trigger Yahoo's severance plan

Courtesy CNET Tech blog  Tue, 06/03/2008 - 2:01pm

Yahoo's controversial "change in control" severance package is not going away anytime soon, despite Microsoft pulling its unsolicited buyout bid a month ago, attorneys say.

That's because a potential change-in-control exists with the proxy fight that billionaire investor and shareholder activist Carl Icahn initiated nearly a month ago.

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