According to CBS MarketWatch:

Yahoo Chairman Terry Semel sold 500,000 shares via exercised stock options just a few days after his company announced a pact to acquire online advertising firm Overture Services, according to regulatory filing disclosed Friday.
Semel exercised the Yahoo (YHOO: news, chart, profile) options and sold the shares in two parts on July 16. He exercised 437,500 shares at $9.24 and 62,500 shares at $16.46. All of the shares were sold at prices ranging from $32 to $32.64, according to the filing.

You do the math.

See also: It pays to be an eBay exec

Posted by jzawodn at July 18, 2003 10:03 AM

Reader Comments
# Paul Scrivens said:

I wonder if he has direct deposit? Honestly though, that is some sick cash. Must be nice.

on July 18, 2003 10:54 AM
# Reverend Jim said:

I doubt I'll ever pull in 11 million dollars in stock options. Hell, I'd be happy if the options I do have would earn me the $16+ each that his did.

on July 18, 2003 10:59 AM
# Justin said:

$9.24 $32.00 437,500.00 $9,957,500.00 +40.59753954%
$16.46 $32.64 62,500.00 $1,011,250.00 +101.7305315%

on July 18, 2003 01:30 PM
# Justin said:

Also note:

After the sale, Semel directly owned 1 million shares of the Internet service provider's [YAHOO] common stock.

Thats about twice what he just cashed in! fjear.

on July 18, 2003 01:36 PM
# Jay said:

Speaking about stocks, I have an uncle who just bought some Micro$oft stocks(he's a banker, BTW). Micro$oft has always been the big bad (and rich) wolf of the world.

My uncle's pretty confident about them staying at the top. Being biased towards open source, I can't help but wonder, how much more should open source do, and how much longer does open source needs to bring down this giant. We already heard about their big loss in Munich, but they still got that contract from the US gov. I guess it will probably take a long while. To quote Yoda(if he was also an open source dude), "but try, we must." :p

on July 18, 2003 01:48 PM
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