Monday, July 30, 2007

Yahoo co-founder David Filo makes millions

It's share selling season again. This time I happened to notice that David Filo who co-founded Yahoo sold 167,000 shares and managed to get between $24.69 and $24.76 for them.

That means, at most, he made $4,134,920 and at worse $4,123,230.

Not bad David, not bad. I'll have a pint! Thanks!

It's worth noting that Filo was in an automatic sell share program so even if he did come into some juicy information - Yahoo going up, Yahoo going down, etc - those shares would still be sold. Sadly, I can't ethically stir up Yahoo! trouble mongering headlines with this post!

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