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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 »
explainer
The decline and fall of Yahoo
Like a child actor, Yahoo has always lived its life in public — and suffered for it. Its April 1996 IPO, when the company had a mere 49 employees, cast it in the spotlight long before it was ready. And like Hollywood, the stock market looks coldly on a fallen star. Microsoft's offer of $44 billion is less than the company was worth in October 1999 — before the tech-stock bubble's grotesque inflation more than doubled that to $97 billion. It has never regained its swagger. More »
7:27 AM on Fri Feb 1 2008
By Owen Thomas
5,376 views,
18 comments
Latest by n/a: I was there from April, 2004, to Jan, 2006. I presented to a LOT of C-level people, SVP's, etc...and my more »
exits
Terry Semel leaves Yahoo for good, gets street named after him
Terry Semel has stepped down as chairman of Yahoo and will leave the board of directors, more than six months after he left his post as CEO of the company. Board member Roy Bostock will assume his role as non-executive chairman. Don't think they let Terry leave without some lovely parting gifts though: Valleywag has learned that the entrance to Yahoo's Sunnyvale headquarters will be renamed Semel Drive "out of appreciation for everything he's done" for Yahoo. Sweet! That's the kind of golden parachute everyone can enjoy!
A tipster sent us the oddly e.e. cummings-esque internal email from Yahoo cofounder Jerry Yang announcing the departure:
More »
hollywood
Terry Semel eyes a return to Hollywood
Former Yahoo CEO and Warner Bros. cochairman Terry Semel wants another job in Hollywood, Deadline Hollywood Daily reports. New Line Cinema is Semel's most likely destination; he's already met with the studio's Time Warner bosses. But the site says Semel is telling friends, "I'm looking at everything." Sounds like about a 1,000 other soon-to-be ex-Yahoos we know! Only, you know, they aren't going to make it out with $528 million, like Semel did.
comebacks
The return of Terry Semel
Terry Semel is still Yahoo's chairman, but the company is rapidly erasing his mark on the business — chiefly any push into original content, a business Wall Street views as expensive and unrewarding. He's clearly not interested in carrying on that argument in the Yahoo boardroom. Instead, PaidContent reports, he's reviving his old company, Windsor Digital, the investment vehicle which carried him between Warner Bros. and Yahoo. More »
wealth
Forget his "wild-child" daughter -- how much is Terry Semel worth?
The New York Post likes to run "blind items" — a gossip-column tradition where just enough details are given to help readers guess who's being talked about. Here's the latest:WHICH wild child daughter of an Internet billionaire has major problems? The lady-loving gal has been to rehab twice and still doesn't show any sign of slowing down.Well, we're pretty sure the Post is talking about Courtenay Semel, daughter of Terry Semel, the Yahoo CEO. Courtenay was recently seen palling it up with Lindsay Lohan. Forget that: Here in Silicon Valley, money is the new sex, so it's the "Internet billionaire" part that intrigues us. More »
geek love
OMG! Yahoo gossips MIA on Semel daughter's ties to Lindsay Lohan
Is Yahoo censoring hot gossip about its Hollywood ex-boss's family? Page Six and other LA gossip rags tell us Lindsay Lohan's lastest BFF with benefits might be none other than Courtenay Semel. That's right, former Yahoo topper Terry Semel's daughter. Reportedly, the pair were seen together at a housewarming party with LA "power lesbian" Jeanette Longoria. More »
yahoo
Yahoo chiefs ask for a redo on third quarter
MarketWatch, ahead of Yahoo's third-quarter earnings, said the company was looking to "start fresh." In other words, kindly ignore the drop in net income, the rise in expenses, the continued problems in display ads the company just reported — that's all in the past. How many fresh starts does a company need — or deserve — before current management is held responsible? One thing I notice in recent rah-rah stories planted by Yahoo PR: Everyone talks about how confident employees are in Jerry Yang. The unspoken message: No one trusts Yahoo president Sue Decker. And why should they, after she pushed out, in short succession, COO Dan Rosensweig, CEO Terry Semel, and popular U.S. display-sales chief Wenda Harris Millard?
politics
Terry Semel wants everyone to win
Remember how Yahoo exec Brad Garlinghouse, in his now-famous "peanut butter manifesto," complained Yahoo, under former CEO Terry Semel, spread its resources too thin over too many projects and too many ideas? Turns out Semel doesn't just have trouble picking business projects to fund.. The man is just as unable to pick a presidential candidate to believe in. According to the Huffington Post's new FundRace 2008, Semel donated to three different Democratic candidates in 2007. He spent $4,600 each on Tom Vilsack and Hilary Clinton in the first quarter and then another $2,300 on Barack Obama in the second. The candidacy of Vilsack, Semel's first choice, proved as successful as, oh, say, Semel proégé Lloyd Braun's career at Yahoo. (Photo by AP)
yahoo
