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Yahoo’s Yang Transfers 3 Million Shares to Trust

From Bloomberg News

Yahoo Inc. co-founder Jerry Yang transferred 3 million of his shares in the company to a blind trust, clearing the way to sell the shares periodically.

The trust has complete discretion to trade the stock, Sunnyvale, Calif.-based Yahoo said in a regulatory filing.

The arrangements protect executives against insider trading charges by setting a plan for stock sales.

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