Terry Semel: Moving on a Dime

HOLLYWOOD AND SILICON VALLEY were shocked when Terry Semel became CEO of Internet portal Yahoo! in 2001. But the ex-Warner Bros. chief has led the company out of dotcom-bubble troubles to a new era of record profits. He has also done well personally, making a profit of more than $250 million on stock-option sales, according to analysis firm Thomson Financial. Semel talked to TIME's Jeffrey Ressner about technology, Tinseltown and the competition:

WHAT DO YOU MISS MOST ABOUT RUNNING A STUDIO?

I very much miss the creative process. But I ultimately decided I'd like to spend more of my time as...

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