Yahoo Commits Microsoft's Money to Severance Packages
All Things Digital, InternetNews.com
Yahoo has set up a sweet severance package for any full-time employee who happens to be terminated without cause or who choose to leave for "good reason" after a "change in control of the company."The package would include regular compensation for up to two years, continued health benefits, accelerated vesting of stock options, and financial assistance in finding a new job. Henry Blodget, cofounder of Silicon Alley Insider, figures it'd cost Microsoft $1-3 billion to provide the package should it wind up acquiring Yahoo.
Analysts see two possible ways this could make the acquisition less attractive to Microsoft. One is the obvious additional expense that would be involved in any reduction of Yahoo staff after the takeover. The other is that it could make it even harder to retain the staff Microsoft did want to keep. Citigroup analyst Mark Mahaney has already warned of a potential "exodus" after a forced merger, and hefty severance benefits would certainly soften the landing for any Yahoo employees who decided to jump.All Things Digital, InternetNews.com
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.