Yahoo Doesn't Owe Bonuses To Interclick Founder

By Eric Hornbeck (August 7, 2013, 6:08 PM EDT) -- A New York state judge said Wednesday that while she wasn't happy with how Yahoo Inc. fired the founder of digital marketing software company Interclick Inc., which Yahoo bought for $270 million, the entrepreneur still wasn't entitled to a $4.5 million bonus.

Judge Barbara R. Kapnick said during a hearing that the language of a contract Interclick founder Michael Katz signed after the 2011 acquisition closed while he was working for Yahoo was clear: He can't cash in on an up to $4.5 million retention bonus unless he was employed at Yahoo on the day the bonus was due. He was...

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