Yahoo! CEO announces resignation

Yahoo! CEO announces resignation

SUNNYVALE, Calif., Nov. 17 (UPI) -- Yahoo! Inc. Chief Executive Office Jerry Yang will resign after the Internet company he co-founded finds his replacement, the company said.
Israel marks 60th anniversary

Israel marks 60th anniversary

JERUSALEM, May 8 (UPI) -- Military flyovers, bunting and pioneers recalling the founding of Israel marked the country's 60th anniversary celebration Thursday.

U.S. CEO departures drop 27 percent

CHICAGO, July 9 (UPI) -- U.S. chief executive officer turnover dropped 27 percent from the previous month, but still topped 100, an outplacement consulting firm said Monday. June's figure of 105, down from May's 144 announced departures, is the year's second-lowest turnover figur

Yahoo! reorganization continues

SUNNYVALE, Calif., June 25 (UPI) -- Yahoo! sales leader Wenda Harris Millard has resigned amid a reorganization of Yahoo!'s sales team, the Sunnyvale, Calif., company said.

Murdoch wants Yahoo! stake

NEW YORK, June 20 (UPI) -- New York media mogul Rupert Murdoch wants a stake in Yahoo! and is willing to give up MySpace to get it, it was reported Wednesday.

Semel steps aside as Yahoo! CEO

SUNNYVALE, Calif., June 18 (UPI) -- Yahoo! Inc. said Monday Terry Semel will step down as chief executive officer and be replaced by Jerry Yang, co-founder of the California Internet icon.

Yahoo! buys Right Media online ad firm

NEW YORK, May 1 (UPI) -- Yahoo Inc. has agreed to buy the 80 percent of U.S. online advertising firm Right Media Inc. it does not already own for $680 million, the Internet firm says.

Yahoo, Viacom sign search deal

NEW YORK, April 10 (UPI) -- U.S. Internet company Yahoo Inc. will provide search ads for all Viacom Inc. broadband Web sites, including MTV.com and Nickelodeon.com, the companies said. Financial terms were not disclosed.

Yahoo! reorganization gets under way

SUNNYVALE, Calif., Dec. 6 (UPI) -- California's Yahoo! launched its anticipated reorganization and management shakeup as it attempts to regain its top-shelf stock value.

Yahoo!, eBay to cooperate in U.S. market

SUNNYVALE, Calif., May 25 (UPI) -- Yahoo! and eBay will work together to expand their operations in the United States.

Yahoo! expands into TV, cell phones

LAS VEGAS, Jan. 6 (UPI) -- Yahoo!, the U.S.-based search-engine giant, is expanding such popular tools as movie listings, trailers and online music to include TV and cell phones.

Yahoo! to fully own European, Korean sites

WASHINGTON, Nov. 7 (UPI) -- Yahoo! Inc. said Monday it will pay a total of $500 million to gain full control of its sites in Britain, Germany, France and South Korea.

Yahoo! buys shares in Europe, Korea units

SUNNYVALE, Calif., Nov. 7 (UPI) -- Yahoo! said Monday it plans to buy the remaining shares in its European and Korean subsidiaries.

Yahoo, Alibaba.com join in China Internet

SUNNYVALE, Calif., Oct. 24 (UPI) -- Yahoo! said Monday it has joined forces with China's Alibaba.com to create an Internet company.

HP executive joins Yahoo! board

SUNNYVALE, Calif., July 22 (UPI) -- Yahoo! appointed a Hewlett Packard executive Friday to join its board of directors.
Page 1 of 2
Terry Semel
LAP99093013 - 30 SEPTEMBER 1999 - HOLLYWOOD, CALIFORNIA, USA: Sylvester Stallone, Goldie Hawn and Kurt Russell share a laugh following a hands and footprint in wet cement ceremony for outgoing Warner Brothers co-CEO's Terry Semel and Robert Daly September 30 at Mann's Chinese Theatre. It is the first time in almost 50 years studio executives were given this acknowledgement -- the last one was Adolf Zukor, who was so honored in 1953. jr/Jim Ruymen UPI ...................................................

Terry Semel (born on February 24, 1943 in Brooklyn, New York, U.S.A.) is an American corporate executive who was the chairman and CEO of Yahoo! Incorporated. Previously, Semel spent 24 years at Warner Bros., where he served as chairman and co-chief executive officer. In June 2007, Semel resigned as CEO due in part to pressure from shareholders' dissatisfaction over Semel's compensation (in 2006 - salary $1, stock options worth $70 million) and performance. Semel had earned over $500 million in his tenure at Yahoo, while Yahoo's stock appreciated at 40% per year. In the same period, Yahoo's closest competitor, Google, saw stock growth of about 55% per year.

Semel's father was a women's coat designer and his mother was a bus company executive. He was raised in Bay Terrace, a community in Bayside, Queens. He was the middle child and has two sisters. At the age of 23, he graduated from Long Island University in Brooklyn with a B.S. degree in accounting.

In April 2001, Semel was granted stock options with an SEC Fair Value of over $110 million as a bonus to join Yahoo. On March 10, 2004 Semel was granted options to purchase Yahoo stock worth $120 million at an exercise price of $41.70 ( the low closing price for 2004 was $41.65). Within a month that stock was trading at $56.00, making him a profit of $50 million on that grant alone. Between 2003 and 2006 he netted $450 million as a result of exercising options and selling stock. On March 7, 2007 he held stock and unexercised options with a value of $350 million, which he was granted as compensation. During June 2006, Terry Semel's annual salary was reduced to $1, in exchange for millions of stock options in Yahoo. His previous annual salary was US$600,000.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Terry Semel."
Most Popular
Prince William to step in for Kate Middleton after she cancels Malta tour Prince William to step in for Kate Middleton after she cancels Malta tour
Next-generation space suits will be like second skin Next-generation space suits will be like second skin
Ellen Pompeo posts 'Orange is the New Black'-inspired photo Ellen Pompeo posts 'Orange is the New Black'-inspired photo
Lana Del Rey cancels European tour due to illness Lana Del Rey cancels European tour due to illness
Canadian woman stranded in Sierra Leone amid Ebola outbreak Canadian woman stranded in Sierra Leone amid Ebola outbreak