Yahoo Fires Bartz Morse In as Temporary CEO
Yahoo chief executive Carol Bartz has been fired from the Internet giant and replaced with former chief financial officer Tim Morse as temporary chief executive officer. Yahoo said that it also named “senior Yahoo executives” to a new executive leadership council tasked with replacing Bartz and finding a new chief executive officer. Bartz herself confirmed the management change, sending a note via her iPad, according to multiple reports: “To all, 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. A press release used the term “removed” to describe Bartz’s dismissal. “The Board sees enormous growth opportunities on which Yahoo can capitalize, and our primary objective is to leverage the Company’s leadership and current business assets and platforms to execute against these opportunities,” said Roy Bostock, Yahoo’s chairman, in a statement. “We have talented teams and tremendous resources behind them and intend to return the Company to a path of robust growth and industry-leading innovation. We are committed to exploring and evaluating possibilities and opportunities that will put Yahoo! on a trajectory for growth and innovation and deliver value to shareholders.” Readmore
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