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.”
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.”