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Google Straps Golden Parachute to Yahoo Jerry Yang’s Back




Jerry Yang has just been handed a golden parachute. Don’t know what a golden parachute is? Here’s the Wikipedia definition:

A golden parachute is a contractual agreement between a company and an employee (usually an upper executive) specifying that the employee will receive certain significant benefits if the employee is terminated.

What’s different about the golden parachute handed to Yang? It didn’t come from anyone at Yahoo. Nope, it was actually handed to him by Google co-founder Sergey Brin (the one who thought BrinRank sounded so much better).

According to the BBC

Asked whether Google would ever consider employing Yahoo’s Chief Executive Jerry Yang if he lost his job he said: “Jerry is very talented and if he wants to work at Google we’d be very excited to have him, but I don’t think that’s going to happen.”

Whoa! Of course, it would be the web equivalent of Coach K getting fired by Duke, then becoming Roy Williams’ assistant at UNC, but what a safety-net!

  • http://www.arthurfreydin.com Arthur Freydin

    Still doesn’t make it appealing to be in Yang’s shoes.
    Sure does help though.

    Arthur Freydin’s last blog post..Web Analysts Aren’t the Only Ones That Love Analytics

  • http://www.jaankanellis.com Jaan Kanellis

    Just stoking the fires.

    Jaan Kanellis’s last blog post..Steve Ballmer Egged At Hungarian University

  • http://jeffmcneill.com Jeff McNeill

    What is with this linkbait article? This is sad, since there are good things on this blog.

  • http://www.marketingpilgrim.com Andy Beal

    @Jeff – what are you talking about? Google said they would hire Jerry Yang, if he left Yahoo. That’s the story, that’s the post.