Department of Well-deserved rewards? Yahoo CEO cashes in

Is it cashing in or cashing out when you’re a big CEO and you sell a third of your stock? That’s what Yahoo CEO Terry Semel just did, 2 years after his start date. 500,000 shares were exercised and sold at prices way over the option price.
Up2Speed writes:
“Although this may seem like a lot of cash, when Semel took over, Yahoo’s stock was languishing in the mid-teens, and the company was struggling to find a direction. Fast forward to today, and the picture is far more rosey – Yahoo’s stock is in the 30’s, and its forward direction is a lot clearer. Through a mixture of clever buying and bold leadership, Semel has improved Yahoo’s position substantially. All in all I’d suggest that this little bonus is thoroughly deserved.”