Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Yahoo Planned Huge Worker Walkout: Lawsuit

Execs also hid $1.5B Microsoft offer to employees

By Neal Colgrass,  Newser Staff

Posted Jun 2, 2008 9:10 PM CDT

(Newser) – Yahoo planned to pay all 14,000 workers to quit if Microsoft bought the company in a recent takeover bid, a lawsuit unsealed today claims. The shareholder complaint blasts execs for burying Microsoft's $1.5 billion offer to workers, and rejecting a $40-per-share offer last...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
There are no comments
A snapshot of the day's best news stories.
 

More Newser Stories

Microsoft Aims for Yahoo's Search Ad Biz

Yahoo Faces Lawsuits, Rough Ride on Wall Street

Ballmer Quashes Yahoo Bid Rumors; Open to Partnership

Ballmer to Yahoo: That's Our Final Offer

Yahoo, AOL May Merge; Murdoch-Microsoft In Talks


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment