Jerry Yang, co-founder and CEO of Yahoo has been constantly under attack by shareholders, Carl Icahn and now the latest entry in the list is ‘The New York Times’. Joe Nocera of The New York Times sent a public memo to Jerry saying “Oh Jerry, It’s No Longer Your Babyâ€?. The memo reads:
You can say all you want about how you were trying to protect employees with this plan. You were really trying to protect yourself. Rushed through by the board while you were supposedly negotiating with Microsoft in good faith, it actually encourages Yahoo employees to quit after a takeover, by guaranteeing them a financial windfall that Microsoft would have to pay. And since it cannot be upended even if the board is ousted, or the company is taken over, it also discourages anyone from trying to take over Yahoo.




