Yahoo bosses dump shares
By Ria Sharma

Yahoo India is one of the jewels in the crown of the US head quartered internet company.  Yahoo India has always done well unlike their counterparts in some countries.  Earlier this year, Yahoo India was telling DNA that they would be growing their advertising revenue by at least 40 percent this year. Yahoo India is the leader in the online display advertising market.

Yahoo India managers would be surprised (perhaps shocked) to see this news report that their top management in USA are dumping personal stock on the market.

American blog Businessinsider is reporting:

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Insiders have bought $67 million in Yahoo! stock in the past two years.  However, of this amount, the vast majority was bought by Carl Icahn for his hedge fund*, which he has already sold (and more -- $189 million) in the last 2 weeks.  A small amount of stock was purchased by Michael Murray, Yahoo!’s chief accounting officer who announced last week that he’s leaving the company.  Not including Icahn’s and Murray’s stock purchases, Yahoo! insiders have collectively bought only $103,700 in stock in the past two years.

Over the same period, Yahoo! insiders have cashed out $233 million in stock. In those 2 years, Yahoo! insiders have also seen zero strike price options vest which they have yet to sell in the open market but which have a current market value of another $58 million.

Therefore, for every dollar of stock purchased by a Yahoo! insider in the last year, they sold stock or received options worth $2,159.
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It does say something about an internet company if their senior management is scrambling to sell much of their personal shares.  What do you thin