A quote from Karen Donovan’s Wired article on Jerry Yang and his participation in a plot to undermine a successful Microsoft purchase of Yahoo (emphasis mine):
…Yang was engineering a plan for a “massive employee walkout” in the aftermath of a Microsoft takeover by offering all of Yahoo’s 14,000 employees the right to quit his or her job and pocket 100 percent acceleration of their equity rights, if there was “substantial adverse alteration” of their jobs.
Yahoo’s compensation consultant calculated that the proposal would cost $1.5 billion, or 3.2 percent of the transaction price. “That’s nuts,” he concluded in an e-mail.
For more background, and where the documentation came from to substantiate the claims being made, read the full article over on Wired’s site
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