Yahoo Fires CEO Carol Bartz ... Over the Phone

She's gone after 30 months of disappointing results
By John Johnson,  Newser Staff
Posted Sep 6, 2011 6:56 PM CDT
Yahoo CEO Carol Bartz shouts during Yahoo's 15th birthday party at Yahoo headquarters in Sunnyvale, Calif., March 2, 2010.   (AP Photo/Paul Sakuma)
camera-icon View 1 more image

(Newser) – Yahoo's high-profile CEO is gone, and it doesn't sound like a happy split. "I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board," Carol Bartz wrote in a company email today, according to the AllThingsD blog. After 30 months of lackluster results, Chairman Roy Bostock and co-founder Jerry Yang apparently had enough. They did not name a permanent replacement.

Bartz's reign at Yahoo has been "mostly downhill," writes Kara Swisher, noting that the company has been relatively weak in terms of financial results, advertising, and innovation of late. Still, the Yahoo brand (and impressive traffic) has several deep-pocketed investors and equity firms interested in striking some kind of deal, she writes. Yahoo shares were up 6% in after-hours trading, notes MarketWatch. (Read more Carol Bartz stories.)

My Take on This Story
Show results without voting  |