Yahoo! co-founder flogs $245 million shares

Zardon · Jun 1, 2004, 03:41 PM

YAHOO! INC. CO-FOUNDER Jerry Yang wants to flog more than 8 million shares in the company for a cool $245 million.

According to the Security and Exchange Commission the whole operation is being done entirely above board, with Yang transferring the shares into a blind trust. The trust, overseen by an independent money manager, can sell the shares at any time during the next year without consulting Yang.

inquirer

Jun 1, 2004, 03:41 PM	#1
Zardon DriverHeaven Founder Join Date: May 2002 Posts: 32,480 Rep Power: 177	Yahoo! co-founder flogs $245 million shares YAHOO! INC. CO-FOUNDER Jerry Yang wants to flog more than 8 million shares in the company for a cool $245 million. According to the Security and Exchange Commission the whole operation is being done entirely above board, with Yang transferring the shares into a blind trust. The trust, overseen by an independent money manager, can sell the shares at any time during the next year without consulting Yang. inquirer