Terry Semel
From Wikipedia, the free encyclopedia
Terry Semel (born on February 24, 1943 in Brooklyn, New York, U.S.A.) is the current chairman and CEO of Yahoo! Incorporated. Previously, Semel spent 24 years at Warner Brothers, where he served as chairman and co-chief executive officer. In 2005 his compensation totalled over $50 million. During June 2006, Terry Semel's annual salary was reduced to $1, in exchange for thousands of stock options in Yahoo. His previous annual salary was US$600,000.
Semel's father was a woman's coat designer; his mother was a bus company executive. Semel graduated in 1964 from Long Island University in Brooklyn with a degree in accounting. Terry was raised in Bay Terrace, a community in Bayside, Queens. He was the middle child and has two sisters.<ref>Terry Semel Biography</ref>
Under the latest contract which runs until 2008, Semel will be eligible to an annual bonus of up to one million stock options.
Since Semel took over the top jobs at Yahoo five years ago, the firm's share price has tripled. Over the past three years Semel sold 18.1 million of his stock options for a gain of $429m. He maintains another 17.7 million unexercised stock options.
Semel is currently on the Board of Directors of Polo Ralph Lauren Corporation, Revlon, Inc., and the Guggenheim Museum. He is also on the Board of Trustees for Emerson College.<ref>Emerson College Trustees and Overseers</ref>
[edit] Yahoo!-China cooperation controversy
Semel has been criticized by some for his support of Yahoo!'s cooperation with Chinese officials in their attempts to suppress domestic dissent. Yahoo's actions resulted in blogger Shi Tao being sentenced to prison for 10 years.
In a widely publicized exchange at The Wall Street Journal's All Things Digital conference, Semel was asked if Yahoo! would have cooperated with Nazi Germany. In response, Semel, who is Jewish, stated, "I don’t know how I would have felt then."<ref>Yahoo Defends China Cooperation, The Wall Street Journal</ref>
[edit] References
<references />
zh:特里·塞梅尔
