HTTP:: Yahoo 039 s Carol Bartz Sold 2 Million Worth of Shares This Year
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The long-awaited Microsoft deal has most Yahoo shareholders less than pleased. Many believe that it could have been on much better terms and were expecting an up-front payment of up to several billions. And now they have even more reason to be displeased, after it was revealed that the Internet giant's new CEO, Carol Bartz, brought in to make some much-needed changes and restructuring at the company, has sold several million dollars' worth of shares since she came in. As The Guardian reports, the transactions were disclosed in several regulatory filings and the CEO is now known to have made two major sales in the past nine months since she came in. The first sale came in March, just shortly after she was put in charge of the company, and was worth $830,000, and the second one was completed in June, when she sold stock worth $1.14 million. Several other high-level executives at the Internet company also sold shares amounting to hundreds of thousands of dollars, and Mike Ca!
llahan, Yahoo's general counsel, has also disposed of $1.35 million worth of stock options. Yahoo has said that the CEO's sales were tax-related and the executives are, of course, more than entitled to sell their shares, but the issue with investors is that it sends a wrong message to a company that has b...
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http://news.softpedia.com/news/Yahoo-039-s-Carol-Bartz-Sold-2-Million-Worth-of-Shares-This-Year-121019.shtml
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