Investor and activist Carl Icahn issues a warning to Yahoo's board of directors that they may be held "personally liable" for signing the controversial employee severance plans.

Yahoo shareholders are seeking to invalidate a controversial employee severance plans prior to the company's August 1 shareholders meeting.

Yahoo shareholders are seeking to invalidate a controversial employee severance plans prior to the company's August 1 shareholders meeting, according to a report in the New York Times.

SAN FRANCISCO -- Yahoo Inc. Chief Executive Jerry Yang pushed for an employee severance program that made it more expensive for Microsoft Corp.

Yahoo Inc. is adopting severance plans to take effect if the Web portal is taken over by Microsoft Corp.