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Author Topic: Yahoo fires Bartz as CEO  (Read 3672 times)

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Geek-9pm

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Yahoo fires Bartz as CEO
« on: September 07, 2011, 08:40:01 AM »
Yahoo fires Bartz as CEO, names CFO to fill void .
Here is the AP version  of the Yahoo story...

Quote
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.
...
http://news.yahoo.com/yahoo-fires-bartz-ceo-names-cfo-fill-void-014518629.html
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patio

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Re: Yahoo fires Bartz as CEO
« Reply #1 on: September 07, 2011, 09:36:24 AM »
No thanx.
" Anyone who goes to a psychiatrist should have his head examined. "

BC_Programmer


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Re: Yahoo fires Bartz as CEO
« Reply #2 on: September 07, 2011, 01:38:56 PM »
This was the source linked dropped in a newsletter I receive.

http://online.wsj.com/article/SB10001424053111904537404576555250572211010.html
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rthompson80819



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Re: Yahoo fires Bartz as CEO
« Reply #3 on: September 07, 2011, 01:46:28 PM »
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

rthompson80819



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Re: Yahoo fires Bartz as CEO
« Reply #4 on: September 08, 2011, 05:08:51 PM »
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

An important quote from the article.

Quote
Update: Did this interview just cost Bartz $10 million? Yes, she had a non-disparagement clause.