[net-gold] BUSINESS: CORPORATIONS: NAMED CORPORATIONS: YAHOO: Carol Bartz is Out as Yahoo CEO
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports Tourism <healthrecsport@xxxxxxxxxxxxxxxx>, Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Wed, 7 Sep 2011 02:55:13 -0400 (EDT)
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BUSINESS: CORPORATIONS: NAMED CORPORATIONS: YAHOO:
Carol Bartz is Out as Yahoo CEO
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Carol Bartz is Out as Yahoo CEO
Bartz says in a memo to employees that Yahoo Chairman Roy Bostock fired
her over the phone. Tim Morse, Yahoo's chief financial officer, is named
interim chief executive.
By Jessica Guynn, Los Angeles Times
September 6, 2011, 6:45 p.m.
Los Angeles Times
http://www.latimes.com/business/
la-fi-yahoo-bartz-20110907,0,2807615.story
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A shorter URL for the above link:
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http://tinyurl.com/4xasgpo
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Reporting from San Francisco Yahoo Inc. Chief Executive Carol Bartz was
ousted by the company's board Tuesday, bringing an abrupt but not
surprising end to a rocky tenure at the struggling Internet search
company.
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Bartz, 62, said in a memo to employees that Yahoo Chairman Roy Bostock
fired her over the phone. The Sunnyvale, Calif., company's chief financial
officer, Tim Morse, was named interim chief executive.
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"She was very highly compensated for a CEO who had declining revenue
growth every single quarter," said Colin Gillis, a technology analyst at
BGC Partners.
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Scrutiny was expected to intensify with second-quarter earnings that
analyst expect will show consumers continued to spend less time and
advertisers less money on Yahoo, Gillis added.
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Calls for her resignation have dogged Bartz for years as Yahoo suffered a
stream of executive defections. Most recently, Yahoo settled a dispute
surrounding Chinese payment service Alipay that reduced Yahoo's stake in
the company.
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Bartz had a year remaining on her four-year contract.
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The complete article may be read at the URL above.
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Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://daviddillard.businesscard2.com
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