Yahoo's Co-Founder Yang To Sell 8 Million Shares
 

Yahoo on Friday said its co-founder, Jerry Yang, has established a prearranged trading plan for up to 8 million common shares during a 12-month period. In a regulatory filing, Yahoo said Yang transferred 8 millions shares into a blind trust as part of a so-called "10b5" trading plan that allows officers while not in possession of material, nonpublic information to sell sales over time.

The trust "has complete discretion to trade the stock within a 12-month period," Yahoo said in a filing with the U.S. Securities and Exchange Commission. Yang's trading plan was established Tuesday during the company's current trading window for officers, Yahoo said.

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That's a cool $200 mil..

damn bro...i gotta think of something like yahoo...hahaha

give me some of that!

Is Bolivia still for sale?

Good for him. Smart guy.
:glugglug

he's gonna make a lot of money

Does he know something the other shareholders dont? :1orglaugh

Probably :glugglug

Google is just starting to go public and they have Gmail and tons of other goodies coming in the pipeline.

Microsoft is getting ready to launch something huge in the search engine business as well.

This will change the landscape of the search engine business over the next months and year.

Maybe he just figured it was time to slowly start packing up, sell and move on.

closer to 250 at today's closing price

....awesome....

Probably just needs money..

there's various reasons why someone would sell shares in their company. he might not want all his eggs in one basket. also, the market, especially in techs look like they're a bit overvalued. techs usually have a high beta, so if the market dips as many expect over the next year, techs would drop more than blue chip companies.

i bet if the market does drop, he'll most likely buy shares back to enjoy the increased upside techs provide in bull markets. more of a macroeconomic play than anything specific to yahoo.

maybe he plans on buying the oakland a's and building a new stadium and spending cash to keep the big 3 together :thumbsup :thumbsup

one can dream can't he?

Good retirement found !