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Category: Various

Yahoo! Fires Chief Executive Officer Carol Bartz

Written on September 07, 2011 by Avlya Jaie

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Carol Bartz received a phone call from Yahoo Chairman, Roy Bostock, informing her that she was being terminated as the company's CEO.

Sources close to the company confirmed that ’ job as ! has ended last Tuesday. She managed to send an email to all her former co-employees using her iPad telling them that her resignation was not voluntary, and that she was terminated by the company’s Chairman – – through a phone call.

Carol Bartz – whose tenure was marked by poor sales revenue – lost share to competitors and several conflicts with Asian partners. She took over the position way back in January 2009. Since her term, the California-based company produced frustrated investors, and even failed to outrun Google Inc. and Facebook Inc.

As part of Yahoo’s plans of reviving their advertising rates and lost investors, they have appointed Chief Financial Officer – – to be the interim CEO, and asked an “executive leadership council” to help them fill the void until they found a new and permanent CEO.

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