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Ex-Yahoo president settles divorce after long & bitter tiff

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POSTED April 23, 2012 7:45 p.m.

SAN RAFAEL  (AP) — A former president of Yahoo and her husband reached a settlement Monday in their long-running divorce involving about $71 million in real estate, stock, cash and other assets.

The fight between ex-Yahoo president Susan Decker, 49, and her one-time investment banker husband Michael Dovey, 52, revealed a seamy side of Silicon Valley. The multimillion-dollar divorce proceedings included allegations of infidelity, drug use and spying,.

Marin County Superior Court Judge Verna Adams approved the settlement presented by the former couple's attorneys Monday morning, just before a trial in the case was set to begin.

Decker and Dovey met at Harvard Business School and married in 1992. They have three children.

They filed for divorce in 2007, the same year Decker was promoted president of Yahoo. She resigned in 2009 following a tumultuous period for the company.

Also that year, a confidential letter from Dovey's attorneys to Decker's became public alleging she had extramarital affairs, bugged the couple's condo in Laguna Beach and used illegal drugs.

Decker's lawyers called the claims reckless and inaccurate. Dovey's lawyers said Decker had similarly accused him of infidelity and drug use.

 

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