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With the latest windfall, Semel has pocketed about $150 million so far this year by exercising some of the stock options Yahoo has awarded him since he took over as CEO in May 2001.
It's not over yet, but I think a downpayment of $150,000,000 for "restoring nearly $30 billion in shareholder wealth" is a pretty fair deal.
I'd pay him that if he could do it for my little company. ;)
Rob
I still think Yang would've been a better CEO...
..and I completely agree. Mind you, this particular payday would be pocket change [fortune.com] for Mr. Yang..
[internetnews.com...]
"We may have to seek a license for the technology, which may not be available on reasonable terms and may significantly increase our operating expenses. The technology also may not be available for license to us at all."
Oveture will finally put this 2 year lawsuit to a close and win. Then basically they decide if they want FindWhat and Google to be operating. If so they will be getting license of the Technology from Overture. This I say will be at a huge price seeing these are Yahoo's two main search competitors. So no. I would not personally invest in Google.
Microsoft will dominate this market too I promise you.Have you tried their beta search technology. I just did and I had to send in feedback because my site was consistently showing up in 13-17 of the first twenty results. If they get past Google with that Semel's payday will be pochet change for me.;) (Not really, but you get the idea)
btw, Thanks for that link nate_king1