July 18, 2003

Pulling down the bucks...

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 10:03 AM