One Yahoo director sells and another buys company shares

Two  directors on Yahoo’s board traded in opposite directions earlier this month. Eric Hippeau, who has served as a Yahoo director since 1996, decided to rid himself of 40 percent of his Yahoo stock holdings Nov. 6, a day after Google dropped plans to enter an advertising deal with Yahoo, when he sold 40,000 shares for $563,999, getting an average of $14.10 per share. The transaction left him still owning 57,500 shares.

Director Ron Burkle, who has served on Yahoo’s board since 2001, bought shares the next day when Yahoo’s stock closed down $1.76, or 12.6 percent, to $12.20, after Microsoft chief executive Steve Ballmer told an audience in Australia that the software giant was no longer interested in acquiring Yahoo. He picked up 1,000 more shares that day, paying $12.13 for each. The purchase upped his holdings of Yahoo to 16,000 shares.

Since then, of course, Yahoo co-founder Jerry Yang has said he will step down as the company’s chief executive as soon as a replacement is found.

 

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