Related News
Yahoo fires Bartz, ends tumultuous tenure
Source: Agencies |
September 7, 2011, Wednesday
|
Online Edition
Online Edition
YAHOO Inc said yesterday it has removed CEO Carol Bartz and replaced her on an interim basis with Chief Financial Officer Tim Morse, ending a rocky two-year run marked by stagnating growth and a bitter rift with Chinese partner Alibaba.
The outspoken Bartz, famous for her salty language, in a two-sentence email to employees obtained by Reuters said that Chairman Roy Bostock fired her over the phone.
Bostock had only just voiced his public support in June for the CEO, a lightning rod for criticism from Wall Street, and known for her tough attitude.
Shares in the company rose in after-hours trade to US$13.72, from a close of US$12.91 on the Nasdaq.
"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," Bartz said in the email.
The outspoken Bartz, famous for her salty language, in a two-sentence email to employees obtained by Reuters said that Chairman Roy Bostock fired her over the phone.
Bostock had only just voiced his public support in June for the CEO, a lightning rod for criticism from Wall Street, and known for her tough attitude.
Shares in the company rose in after-hours trade to US$13.72, from a close of US$12.91 on the Nasdaq.
"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," Bartz said in the email.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
