Investors welcomed news of Yahoo CEO Carol Bartz’s firing enthusiastically in after-hours trading on Tuesday evening, with shares of the company finishing the session up more than 6% to $13.72 per share.
As we noted earlier today, Bartz’s tenure ended abruptly this afternoon when Yahoo Chairman Roy Bostock informed her (via phone) that she was being terminated, a move that Bartz was able to share with the entire company via an email sent from her iPad.
Yahoo has named its CFO Tim Morse as interim CEO and appointed an “executive leadership council” to help fill the void as the company searches for a permanent leader.
The jump in Yahoo shares on Tuesday is nearly equal to the small gain the company has eked out since Bartz took over in January 2009.
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Posted on Wed, 07 Sep 2011 01:49:19 +0000 at http://feeds.mashable.com/~r/Mashable/~3/OaXdGO_-M2I/
Comments: http://mashable.com/2011/09/06/yahoo-stock-carol-bartz/#comments
As we noted earlier today, Bartz’s tenure ended abruptly this afternoon when Yahoo Chairman Roy Bostock informed her (via phone) that she was being terminated, a move that Bartz was able to share with the entire company via an email sent from her iPad.
Yahoo has named its CFO Tim Morse as interim CEO and appointed an “executive leadership council” to help fill the void as the company searches for a permanent leader.
The jump in Yahoo shares on Tuesday is nearly equal to the small gain the company has eked out since Bartz took over in January 2009.
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 Wed, 07 Sep 2011 01:49:19 +0000 at http://feeds.mashable.com/~r/Mashable/~3/OaXdGO_-M2I/
Comments: http://mashable.com/2011/09/06/yahoo-stock-carol-bartz/#comments