Carol Bartz Fired from Yahoo!

Carol Bartz

Carol Bartz is no longer the CEO of Yahoo! according to a report citing sources at the company, and she has confirmed the information with a brief note to company employees – and Yahoo! itself (finally).

She was apparently fired over the phone (ouch!) by Yahoo!’s Board Chairman Roy Bostock, whilst they were both flying in opposite directions over the US and is being replaced by Tim Morse as interim CEO. You’d have thought Yahoo! would have revoked Bartz’ email privileges pretty quickly after firing her, but apparently she was able to get the last word in your usual candor – in an email to all company employees, Bartz sad she was saddened by the news and how it was broken to her:

From: “Carol Bartz”
To: “all-worldwide@yahoo-inc.com”
Subject: Goodbye
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.
Carol

The search for a CEO that can trun around Yahoo!’s flagging fortunes continues after the internet pioneer has been left behind in search (now outsourced to Microsoft Bing), email (Yahoo Mail vs. GMail?), and social (they don’t even compete). That Microsoft takeover at $33/share that was rejected by Bartz’ predecessor Jerry Yang (Yahoo co-founder) is looking more and more like a lost opportunity with the share price currently floundering below $13.

A Yahoo! employee interviewed by the WSJ also claimed that “Yahoo is open to selling itself to the right bidder” – although they gave no further details. It sounds like big changes are coming for the company.

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