yahoos

This is the text of the e-mail Yahoo Chief Executive Jerry Yang sent to his company's staff Saturday after Microsoft withdrew its offer to acquire the Internet pioneer.

From: jerry yang

To: [Yahoo Employees]

Sent: Sat May 03 19:26 2008

Subject: today's news

yahoos,

today microsoft announced ...

Yahoo said in an SEC filing that it has beefed up severance packages for full-time employees–not to mention executives–in the event of layoffs.

Simply put, this move is designed to make Microsoft pay a bit more to lay off Yahoos.

Here’s a look at Yahoo CEO Jerry Yang’s latest employee email regarding the company’s rejection of Microsoft’s bid.

Microsoft called the move unfortunate. Subject: our board’s decision yahoos as you’ll see from the news release we issued today, our board of directors has reviewed microsoft’s unsolicited proposal with yahoo!’s management, financial and legal advisors.