Some shuffling of towels in the executive washroom took place in Sunnyvale, CA, as Yahoo announced a pair of employee moves around the corner offices; meanwhile, Yahoo revealed lots of stock options received plenty of exercise in 2005.
A pair of announcements from Yahoo noted the movement of a pair of talented folks into new jobs. Ash Patel will give up the senior vice president of platform engineering position in favor of the chief product officer role.
“Patel will now be responsible for global product strategy and development, identifying future product trends and emerging technologies, and serve as an advocate for users across the Yahoo! Network,” Yahoo said in a statement.
The company also appointed Dr. Qi Lu to senior vice president of engineering for search and search marketing. “In his new role, Lu will lead development efforts around Yahoo!’s Web search and monetization platforms,” Yahoo said.
It’s good to be a Yahoo executive. The company filed a Schedule 14A Form with the SEC late on Friday after the markets closed, when it would be less likely to be noticed by the media. The filing described a steady stream of C-level Yahoos exercising stock options in 2005, to the tune of nearly $300 million.
Chief Executive Terry S. Semel realized $173.6 million from exercising about 7 million options in 2005. He still has unexercised options worth over $236 million.
Chief technical officer Farzad Nazem, received $63.8 million by exercising 1.8 million options; chief financial officer Susan Decker picked up $30.9 million by exercising about 1 million options; and chief operating officer Dan Rosensweig realized $25.6 million by exercising 912,000 options.
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David Utter is a staff writer for Murdok covering technology and business.
