Pulse2 Technology and Social Media News » Terry Semel

Eric Schmidt, Sean Parker, Richard Rosenblatt, Peter Chernin, and Marc Andreessen Invest In Ari Emanuel’s Merchant Bank Raine

Amit Chowdhry — Thu, 14 Apr 2011 03:28:59 +0000

Former Google CEO Eric Schmidt, former Facebook president Sean Parker, Demand Media founder Richard Rosenblatt, former News Corp. COO Peter Chernin, Andreessen Horowitz co-founder Marc Andreessen, WPP, and Mubadala Development have invested in Raine. Raine is a merchant bank that was founded by Ari Emanuel and two former Wall Street dealmakers. Fans of the TV show Entourage will probably know Emanuel best for having the character Ari Gold based on him.

Raine has offices in NY, LA, and Shanghai. The bank is led by former Goldman Sachs partner and media banker Joe Ravitch. Former UBS technology, media, and telecoms division head Jeff Sine is also a leader at Raine. Raine is getting close to raising $500 million for acquiring media, sports, and entertainment companies. Other investors in Raine include former Yahoo! CEO Terry Semel, Jay and Miky Lee, and Masayoshi Son.

[Huffington Post]

Former Yahoo! Exec Ash Patel Launches Morado Ventures, Receives Investment From Terry Semel

Amit Chowdhry — Mon, 15 Nov 2010 22:46:13 +0000

Former Yahoo! executive Ash Patel has started a $10 million micro-venture investment company. The investment company is called Morado Ventures. “Morado” translates to “purple,” which is Yahoo!’s color.

Some of the investors in the fund include Yahoo! CEO Terry Semel, former COO Dan Roseinweig, and former ad sales head Greg Coleman. Former Yahoo! President Sue Decker is also considering to put money in the fund.

Yahoo! founders Jerry Yang and David Filo will be limited partners without investment decision power. Morado will focus on small funds, similar to angel group investments. Patel worked at Yahoo! for 14 years. His most recent job there was EVP for Product Architecture & Strategy. He took a sabbatical last November and never went back.

[AllThingsD]

What Does A New CEO of Yahoo! Make? $1 Million Plus Bonuses and Options.

Amit Chowdhry — Thu, 15 Jan 2009 22:20:51 +0000

The company behind one of the biggest search engines in the world is poised to make you an offer. They are worth $16 billion on paper and earned closed to $7 billion by the end of 2007. What will they pay you? The answer is made clear in an SEC statement filed by Yahoo!

Carol Bartz, the new CEO of Yahoo! will be earning $1 million per year before taxes and withholdings. Bartz will also be eligible to make an annual target bonus of 200% of the annual salary based on company performance. She will also be granted stock options of 5 million shares. In terms of time off, Yahoo! will offer Bartz 4 weeks of vacation per year, 10 paid holidays, and 2 personal floating holidays.

The SEC document also acknowledges that President Sue Decker will be resigning and Jerry Yang will be assuming the role as Chief Yahoo! once again.

The first thing I thought of when reading this document was that this was an impressive salary to be receiving as a CEO, hired from an external company. But then I remembered Terry Semel’s compensation…

In June 2007, Semel resigned as CEO of Yahoo! due to shareholder dissatisfaction of his salary. In 2006, Semel’s salary was $1, but he had stock options worth $70 million. Semel made over $500 million through his tenure at Yahoo! Semel was granted options of over $110 million as a bonus to join Yahoo! Semel still has another 18.6 million unexercised stock options in Yahoo!

Clearly the position that Yahoo! is in right now isn’t as good as it was before. If Bartz is able to undo the mistakes that Semel and Yang made in the past, then I’m sure she’ll see a substantial amount more heading her way.

[via ZDNet]