Carol Bartz’s tumultuous tenure as the CEO of Yahoo came to an abrupt end on Tuesday, Mashable has confirmed with sources close to the company.
It also appears that Bartz was able to send an email to all Yahoo employees from her iPad informing them that her departure was not voluntary and that she was fired by the company’s Chairman.
The news was first reported by All Things Digital, who also reported that Yahoo CFO Tim Morse has been named interim CEO.
SEE ALSO: The Battle for Yahoo’s Future
Bartz was brought into Yahoo in January 2009 to turn the company around after it balked at Microsoft’s $44.6 billion takeover offer. Since then, she’s trimmed costs through aggressive job cuts and shuttered a number of businesses, including Zimbra, Geocities and Delicious.
She also firmed up a search and advertising partnership with Microsoft that sees Yahoo’s search results powered by Bing. That deal, however, is yet to see the type of returns the company was hoping for — in fact, Yahoo blamed part of its still languishing financial performance on that deal in its most recent earnings announcement, which saw overall revenue down 5% year-over-year.
More About: carol bartz, YahooFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Tue, 06 Sep 2011 22:49:44 +0000 at http://feeds.mashable.com/~r/Mashable/~3/HUmgwzyiF8U/
Comments: http://mashable.com/2011/09/06/carol-bartz-yahoo/#comments
It also appears that Bartz was able to send an email to all Yahoo employees from her iPad informing them that her departure was not voluntary and that she was fired by the company’s Chairman.
The news was first reported by All Things Digital, who also reported that Yahoo CFO Tim Morse has been named interim CEO.
SEE ALSO: The Battle for Yahoo’s Future
Bartz was brought into Yahoo in January 2009 to turn the company around after it balked at Microsoft’s $44.6 billion takeover offer. Since then, she’s trimmed costs through aggressive job cuts and shuttered a number of businesses, including Zimbra, Geocities and Delicious.
She also firmed up a search and advertising partnership with Microsoft that sees Yahoo’s search results powered by Bing. That deal, however, is yet to see the type of returns the company was hoping for — in fact, Yahoo blamed part of its still languishing financial performance on that deal in its most recent earnings announcement, which saw overall revenue down 5% year-over-year.
More About: carol bartz, YahooFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Tue, 06 Sep 2011 22:49:44 +0000 at http://feeds.mashable.com/~r/Mashable/~3/HUmgwzyiF8U/
Comments: http://mashable.com/2011/09/06/carol-bartz-yahoo/#comments