Portal:Internet/Selected biography/14

Terry Semel (born on February 24, 1943 in Brooklyn, New York, U.S.A.) is an American corporate executive who was the 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 June 2007, Semel resigned as CEO due in part to pressure from shareholders dissatisfaction over Semel's compensation (in 2006 - salary $1, stock options worth $70 million) and performance. Semel had earned over $500 million in his tenure at Yahoo, while Yahoo's stock appreciated at 5% per year. In the same period, Yahoo's closest competitor saw stock growth of over 400%. Semel now serves as non-executive chairman and advisor to Yahoo!.