So Yahoo! Inc. posted an FAQ on its internal intranet site for Yahoo! employees on June 10, 2008, explaining its position and thinking with regards to the 'Change in Control Employee Severance Plans'. The full letter, along with some additional answers from me.

Icahn states that he will terminate the faux severance plan if he gains control and asks Bostock to "stop dancing around the subject and publicly offer to sell the company to Microsoft for $34.375 per share and promise to cooperate completely."

Microsoft said on Sunday it has proposed an alternative deal to Yahoo, rather than a full acquisition, in a move that could save the web pioneer from fighting a proxy battle with financier Carl Icahn.

By Aaron Task in Investing, Internet, Newsmakers, Venture Capital, M and A, IPOs

Carl Icahn is going to move forward with a full proxy slate to replace Yahoo's board of directors, Reuters reports.

"Icahn, who has amassed a large stake in the Internet company, has lined up at least 12 potential board candidates," Reuters reports.

Carl Icahn, it seems, bought a cool 50 million Yahoo! shares in the past week alone, worth about $1.3 billion which gives him a 3.5% stake in Yahoo! Inc., and is now said to be considering a proxy fight with the Yahoo Board. He has also sent out feelers to Microsoft, trying to get them to reopen negotiations.

With news that makers of the movie ‘Wall Street’ will be making a sequel called ‘Money Never Sleeps’ maybe it is the time to follow the old (and new) raiders again.