Yahoo Chairman Exercises Options Thursday August 9, 11:12 am ET Yahoo Chairman Terry Semel Exercises Options for 183,334 Shares
NEW YORK (AP) -- The chairman of search engine operator Yahoo Inc. exercised options for 183,334 shares of common stock, according to a Securities and Exchange Commission filing Wednesday. In a Form 4 filed with the SEC, Terry Semel reported he exercised options for the shares Monday and Tuesday for $8.23 apiece, and then sold all of them Monday and Tuesday for $22.94 to $23.57 apiece.
What a prick Semel is.......sold right at the bottom!! That's the problem with public companies today. They lavish themselves with options irregardless of their performance, and they cash out filthy rich at any price. It's all boardroom backscratching...you give me options and I'll give you options. We all great rich at the expense of the public shareholder.