Do other companies have Change in Control severance plans for employees in case of a merger?
Many companies have such plans for some or all of their employees. Other companies do not provide such protections. Regardless of what other companies do, our senior leaders felt it is important to adopt a plan that is appropriate for all levels of Yahoos. (Note: basically, this is the company admitting that the plan is out of the ordinary) Expect a letter in the near future.
