The New York Post likes to run "blind items" — a gossip-column tradition where just enough details are given to help readers guess who's being talked about. Here's the latest:
WHICH wild child daughter of an Internet billionaire has major problems? The lady-loving gal has been to rehab twice and still doesn't show any sign of slowing down.Well, we're pretty sure the Post is talking about Courtenay Semel , daughter of Terry Semel, the Yahoo CEO. Courtenay was recently seen palling it up with Lindsay Lohan. Forget that: Here in Silicon Valley, money is the new sex, so it's the "Internet billionaire" part that intrigues us.
Sure, Semel made a ton of money prior to Yahoo as CEO of Warner Bros. But to be an Internet billionaire, Semel would have had to made a billion dollars off Internet stocks, right? Not even close: In 2004 and 2005, while Yahoo shares were rallying, Semel sold $403 million worth of Yahoo stock. Since then, he's made about $60 million by exercising options and selling shares. He now owns 1.6 million shares in the company, whose shares are trading at $24. Forbes doesn't even include him on its list of billionaires. Our conclusion? When we run blind items about him, we're going to call Semel the "non-Internet nonbillionaire."