Yahoo CEO gets the boot
Yahoo, the search company that has grimly held on to some sort of web prescence in the past half decade, have fired their CEO, Carol Bartz. The woman had been head over the company for the past 2 years, but after failing to bring about any sort of monumental change in the firm’s prospects, she was let go over the phone. Bartz announced her dismissal via an email sent to fellow employees.
I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward.
Sent from my iPad
Timothy Morse has been pushed forward as interim head of Yahoo, though how long he will remain there is anyone’s guess at this point. A committee is known to be in the process of being formed however, that will decide who will take over in the near future.
“It is an honor to be selected for this role and lead the Company with this world-class team of executives,” said Morse. “I look forward to working with the Executive Leadership Council and the talented employees of Yahoo!, and to partnering with the Board to invest in the organization and continue to drive its ongoing growth plans.”
Yahoo’s stock jumped 6% after the announcement, though it’s unlikely that it will stay there if the executives take long picking a new flagship face for their firm.