On Air Now

Upcoming Shows

Program Schedule »


Listen Live Now » 1330 AM Sheboygan, WI


Current Conditions(Sheboygan,WI 53081)

More Weather »
57° Feels Like: 57°
Wind: S 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip


Mostly Clear 51°


Partly Cloudy/Wind 67°

Fri Night

Thunderstorms 61°


Breaking News

Travis Tramte has been found guilty of reckless homicide in the heroin overdose death of Kathryn Jakimczyk of July of 2013.

SHEBOYGAN, WI (WHBL) - Travis Tramte was found guilty Thursday of reckless homicide in the heroin overdose death of Kathryn Jakimczyk.  It took a jury over two hours to make their decision Thursday afternoon after hearing two days of testimony in Sheboygan County Court. Prosecutors said Tramte supplied Jakimczyk with the heroin that she injected at her North 9th Street apartment back in July of 2013 that led to her death.  Tramte’s lawyer tried to prove that there was other e...

Read More »

Ex-Yahoo executive says company tried to "cheat" him: lawsuit

A Yahoo logo is pictured in Rolle, 30 km (19 miles) east of Geneva, December12, 2012. REUTERS/Denis Balibouse
A Yahoo logo is pictured in Rolle, 30 km (19 miles) east of Geneva, December12, 2012. REUTERS/Denis Balibouse

By Alexei Oreskovic

SAN FRANCISCO (Reuters) - The founder of a company acquired by Yahoo Inc for $270 million said in a lawsuit filed on Monday that Yahoo tried to "cheat" and "humiliate" him by firing him at a bar weeks before his first retention bonus was due.

The plaintiff, Michael Katz, said he was promised several annual payments of $1.35 million, as well as other compensation, when his online advertising company Interclick was acquired by Yahoo in December 2011, according to the lawsuit filed in New York state court.

Katz continued to run the Interclick business after the acquisition, the lawsuit stated.

The complaint, which alleges breach of contract as well as other claims, comes roughly seven months into the tenure of new Yahoo Chief Executive Marissa Mayer, who is moving to revive Yahoo's stagnant revenue and its popularity among consumers.

Mayer's management was in the spotlight last month after news surfaced about a controversial new policy banning employees from working at home.

Mayer is not mentioned in the lawsuit, and Yahoo declined to comment on the case.

Yahoo acquired Interclick, whose technology helped companies target online ads to consumers, eight months before Mayer became CEO, when former Yahoo finance chief Tim Morse was serving as the company's interim CEO. Katz served under several CEOs during his one year at the company, including interim CEO Ross Levinsohn who praised Katz as a "great visionary," according to the complaint.

Yahoo had promised to pay Katz a "retention bonus" in three annual installments of $1.35 million, the lawsuit said, beginning in January 2013 and ending with a $450,000 payment in January 2016.

According to the lawsuit, Yahoo's head of human resources summoned Katz to a bar for what he believed was a pressing work matter on a Sunday evening in December "while he was at home observing the second night of Hannukah."

At the bar, Katz was informed that he was being terminated "effective almost immediately," weeks before he was to be paid the first of the retention bonuses.

The "rushed termination clearly was structured and timed as an attempt to deprive him of the compensation he was promised during the merger negotiations," according to the complaint.

The case in Supreme Court of the State of New York, County of New York is Michael Katz vs. Yahoo, case number 0650740-2013.

(Reporting by Alexei Oreskovic; Editing by Richard Chang)