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Terry Semel

celebritards

Lindsay Lohan denies coke-fueled affair with Terry Semel's daughter

Former Yahoo CEO Terry Semel's daughter Courtenay told what reports call a "friend" that she and actress Lindsay Lohan met a party in the summer of 2006 and attending parties together "where they kissed and touched each other in the corner and did lines of cocaine in the toilet." Lohan denies the account: "No, that's not true." The friend says Courtenay thinks the drugs were Lohan's way of coping with a lesbian desires that she feared would ruin her career. More »

yahoo

Terry Semel's daughter arrested after assaulting a security guard in Las Vegas

Hollywood C-list scenester Courtenay Semel — former Yahoo CEO Terry Semel's daughter — left Pure nightclub last night with her MySpace and MTV famous girlfriend, the pseudo-bi Tila Tequila. Then she "smacked" a security guard in the back of the head. Security detained Semel until police arrived four hours later and issued her a citation for battery. Where was this kind of feistiness in papa Semel when Google started stomping all over Yahoo?(Photo by Getty)

geek love

Terry Semel spawn Courtenay dating MySpace star Tila Tequila

Plasticly popular MySpace personality Tila Tequila and Courtenay Semel, the daughter of ex-Yahoo CEO Terry Semel, attended a premiere together last night in Los Angeles. There, the pair confirmed a more successful merger than Semel senior ever managed. “I’d seen the show [A Shot at Love] and just needed to meet her and it just happened,” Semel told People magazine. “It’s true what they say about lesbians," said Tequila. "You meet and then the next day you move in together, because I can’t get rid of her. She pretty much lives at my house.” We think this is the only Yahoo-MySpace deal we'll see happen. (Photo by AP/Steinberg)

nerdspotting

Four moguls walk into a bar

Google cofounder Larry Page, Yahoo president Sue Decker, ex-Yahoo CEO Terry Semel, and Legg Mason fund manager Bill Miller, who owns large stakes in Google and Yahoo, sat and talked at a corner table at the Sun Valley Lodge, the site of Allen & Co.'s power media conference in Idaho. Page and Miller reportedly dominated the conversation. [DealBook]

online video

Lloyd Braun returns to Yahoo, extends reign of terror to Microsoft

Hollywood's savvy hustlers have struck again, with Lloyd Braun and Gail Berman convincing Yahoo and Microsoft to hire BermanBraun to produce a content portal for MSN and a contentpole for Yahoo called "Lunacy Report," according to sources cited by All Things Digital. For the ADD-affected with long term memory issues, former Yahoo CEO and Tom Cruise BFF Terry Semel hired Braun to shepherd in Yahoo's reign as a media company, followed by Braun taking the fall for much of Semel's own lunacy before Semel himself was ousted. More »

comebacks

Terry Semel to bid $2 billion to $3 billion for talent and marketing agency IMG

With money from Warner Bros., private equity firms, and the United Arab Emirates, former Yahoo CEO Terry Semel wants to buy talent and marketing agency IMG. Semel's plan: Turn the agency, currently owned by buyout guy Ted Forstmann, into a media and content company with a focus on digital distribution — more or less the same thing Semel wanted to do with Yahoo. The difference this time? No one on Wall Street will ask why Semel and IMG aren't throwing money at catching up with those pipsqueaks Larry and Sergey in search.

quotable

Meet the man Carl Icahn praised for fixing Yahoo: Terry Semel

How good is corporate raider Carl Icahn's grip on what's wrong with Yahoo? Two years ago, when Icahn complained to the Financial Times about inept executives at Time Warner, he asked why couldn't they be more like then-Yahoo CEO Terry Semel?
Google, obviously, is one of the great success stories of all time, but Yahoo has done a great job with Terry Semel, who incidentally, they threw out of Time Warner.
(Photoillustration by Jackson West; photo of Icahn by AP/Mark Lennihan)

anti-jackpot

Terry Semel lost $6.2 million working for Yahoo in 2007, but Sue Decker made almost $15 million

Any Yahoo can tell you that working at the troubled Web giant doesn't pay. But for former CEO Terry Semel, it really didn't. Last year, he made negative $6.2 million, Docu-Drama notes. The accounting oddity, uncovered in an SEC filing, has to do with stock awards he forfeited when he left the company last year. Don't weep for Semel: He still owns half a billion dollars in Yahoo stock, and has sold plenty, too. What shareholders may find more upsetting are the left-and-right raises Yahoo's board handed out to top Yahoo execs in 2007, a year whose horrible performance set up Yahoo for Microsoft's hostile bid. Here are the lowlights: More »

acquisitions

Yahoo, Microsoft execs quietly talking

Remember how long it took for Microsoft and Yahoo to connect their instant-messenger systems? Microsoft's overtures to Yahoo executives seemed to be happening at the same pace. But at last, News.com reports, the companies are talking. Don't expect instant results. One of the reasons why Yahoo made itself vulnerable to Steve Ballmer's takeover bid? Because the stifling bureaucracy Terry Semel installed means everything takes forever to get done there. Jerry Yang's inability to commit to a course of action doesn't help. President Sue Decker is more decisive, but she's going through a divorce, which has to be a distraction, and her lousy people skills make it hard for her to execute on her plans. Steve, why don't you just go hostile? That seems faster. (Image by Geeks Are Hot)

jackpot

Yahoo founders made $1.6 billion today and you didn't

Yahoo founders David Filo and Jerry Yang own 80,833,066 and 54,110,564 shares of Yahoo, respectively. At Microsoft's offer price, the pair have made almost $1.6 billion since yesterday's close and stand to cash out more than $4 billion total if the deal goes through. More amazing? Ousted CEO Terry Semel stands to cash out more than $650 million — not a bad reward for reviving Yahoo and then running it into the ground. We doubt the scurrilous, unfounded rumors that Semel is a Scientology OT 6, but it would explain a lot. Here's our chart of the top Yahoo shareholders and how much their Yahoo's holdings are worth at Microsoft's price. More »