Yesterday,(Sep 6,2011) Bartz was removed from her position at Yahoo over a phone call. In a email to her employees, Bartz said"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."Reuters
Yesterday,(Sep 6,2011) Bartz was removed from her position at Yahoo over a phone call. In a email to her employees, Bartz said"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."ReutersThis move by Yahoo's Chairman, Roy Bostock ends a rocky nearly three-year tenure of failed initiatives and unmet expectations from Bartz.ReutersFired Yahoo CEO Carol Bartz told Fortune the company chairman Roy Bostock really 'f---ed' her over by reading a prepared statement.ReutersWhen Carol was hired by Yahoo in early 2009 she was paid an annual base salary of $1 million. She was also eligible for an annual 400% bonus and received 5,000,000 shares in addition to an equity grant of $18 million of stock.ReutersIn 2010 Bartz was named “most overpaid” CEO by proxy voting firm Glass-Lewis.ReutersSome analysts said Bartz's departure came after the company failed to dominate the advertising and content markets. Yahoo had also handed over its search operations to Microsoft Corp .ReutersYahoo fires Carol BartzReutersBartz’s inability to move Yahoo’s stock price is reportedly why she is no longer at the helm of one the internet’s most important and storied companies.ReutersBartz was previously Chairman, President, and CEO at Autodesk, the world's largest producer of design software.ReutersAnalysts had pointed out that Bartz lacked experience in advertising and the Web 2.0.ReutersCFO Tim Morse is named as Interim CEO of the company as of now.ReutersBabies born during the summer months (June, July and August) have a much lower chance of having high-end, top-paying careers.Reuters
Bartz was removed from her position at Yahoo on Tuesday over a phone call.
In an email to her employees, Bartz said, "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."
