Terry S. Semel Career Highlights

SUMMARY OF EXPERIENCE B.S. degree in accounting/finance from Long Island University (1964) Joined Warner Bros. Inc. as sales trainee selling movies to theaters and held various sales and marketing positions (1965-1972) Became president of CBS' Theatrical Marketing and Distribution for United States and Canada (1972) Became president of Walt Disney's Theatrical Marketing division (1973-1975) Held executive vice president and chief operating officer roles at Warner Bros. (1978) Named president, vice chairman and chief operating officer of Warner Bros. (1980) Promoted to co-chairman and co-CEO of Warner Bros. (1994) Added Warner Music to responsibilities and became co-chairman and co-CEO (1995) Left Warner Bros. and founded Windsor Media Inc. as chairman (1999) To be appointed chairman and CEO of Yahoo! Inc. (2001) WARNER BROS. MILESTONES Increased size and scope of Warner Bros. business, moving into related businesses and investing in and growing the core business. Recognized opportunities for the Warner Bros. business outside the United States. With Bob Daly, built their own team internationally with local nationals on the ground in 51 countries. Was instrumental in creating the consumer products business, leveraging the opportunity to create licensed merchandise based on Warner Bros.' intellectual property. Business generated $1 billion in annual revenue with high operating margins. Created home video business, generating more than $2 billion in annual revenue, and the Warner Bros. (WB) Network, a television network created as an owned broadcast distribution outlet. Invested in digital satellite outside the United States in partnership with other studios and large national companies. Led company during production of more than 400 major motion pictures, thirteen of which brought Best Picture Oscar nominations and three Academy Awards (Chariots of Fire, Driving Miss Daisy and Unforgiven). Oversaw the production of thousands of hours of television programming, including Murphy Brown, Friends and ER. Famous for developing a great team of executives in a stable atmosphere, unlike most other competitors. FINANCIAL HIGHLIGHTS Grew Warner Bros. Inc. from $750 million in revenue and roughly $100 million in EBITDA in 1980 to $11 billion in revenues and more than $1 billion in EBITDA in 1999. In the highly volatile film business, achieved profitability 19 of 20 years and a ranking of No. 1 or No. 2 in box office market share and gross sales eight out of 10 years from 1990 to 1999 and reached hundreds of millions of consumers worldwide. ACCOLADES & AFFILIATIONS Awarded the Producers Guild of America Milestone Award in 1998. Named as vice chairman of the President's Committee for the Arts and Humanities. Currently holds board positions with Polo Ralph Lauren Corporation, Revlon, Inc., and Guggenheim Museum. # # #