Computer Hope
Other => Computer News => Topic started by: Geek-9pm on September 07, 2011, 08:40:01 AM
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Yahoo fires Bartz as CEO, names CFO to fill void .
Here is the AP version of the Yahoo story...
SAN FRANCISCO (AP) — Yahoo Inc. fired Carol Bartz as CEO Tuesday after more than 2½ years of financial lethargy that had convinced investors that she couldn't steer the Internet company to a long-promised turnaround.
To fill the void, Yahoo's board named Tim Morse, its chief financial officer, as interim CEO. Bartz lured Morse away from computer chip maker Altera Corp. two years ago to help her cuts costs. Yahoo, based in Sunnyvale, California, said it is looking for a permanent replacement.
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http://news.yahoo.com/yahoo-fires-bartz-ceo-names-cfo-fill-void-014518629.html
Anybody want a job?
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No thanx.
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This was the source linked dropped in a newsletter I receive.
http://online.wsj.com/article/SB10001424053111904537404576555250572211010.html
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I don't think we need to feel too sorry for her. She is going to walk away with millions.
http://money.cnn.com/2011/09/07/technology/yahoo_carol_bartz_severance/index.htm?source=cnn_bin (http://money.cnn.com/2011/09/07/technology/yahoo_carol_bartz_severance/index.htm?source=cnn_bin)
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As an update. Maybe she won't be walking away with millions after all.
http://postcards.blogs.fortune.cnn.com/2011/09/08/carol-bartz-fired-yahoo/?hpt=hp_t2 (http://postcards.blogs.fortune.cnn.com/2011/09/08/carol-bartz-fired-yahoo/?hpt=hp_t2)
An important quote from the article.
Update: Did this interview just cost Bartz $10 million? Yes, she had a non-disparagement clause.