Yahoo’s Bartz gets the boot
source: http://www.guardian.co.uk/technology/2011/sep/07/carol-bartz-fired-yahoo-ceo
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It’s all change at Yahoo as CEO Carol Bartz has been removed from her post.
Bartz, who was brought in to transform the company back in 2009, emailed staff to inform them of her departure, saying that she’d been fired over the phone by Yahoo’s chairman of the board.
Though it sounds like the dismissal could well be acrimonious, Bartz did send a supportive farewell to the Yahoo team, saying: “It has been my pleasure to work with all of you and I wish you only the best going forward."
It’s believed that Wall Street investors had lost faith in Bartz as Yahoo continues to lose ground to rivals for advertising revenue including Google, Facebook and Twitter.
Chief finance officer Timothy Morse replaces Bartz until a permanent CEO is hired.
Bartz, who was brought in to transform the company back in 2009, emailed staff to inform them of her departure, saying that she’d been fired over the phone by Yahoo’s chairman of the board.
Though it sounds like the dismissal could well be acrimonious, Bartz did send a supportive farewell to the Yahoo team, saying: “It has been my pleasure to work with all of you and I wish you only the best going forward."
It’s believed that Wall Street investors had lost faith in Bartz as Yahoo continues to lose ground to rivals for advertising revenue including Google, Facebook and Twitter.
Chief finance officer Timothy Morse replaces Bartz until a permanent CEO is hired.
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- tags:
- Yahoo, Carol Bartz, timothy morse
