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  • Carol Bartz Out: Yahoo Pushes the Reset Button (Video)

    Yahoo CEO Carol Bartz was ousted late Tuesday by the Internet pioneer’s board of directors.

    Yahoo CEO Carol Bartz was ousted late Tuesday by the Internet pioneer’s board of directors. The embattled company settled a dispute over Alipay that resulted in a diminishing Yahoo stake in the Chinese payment service. The outspoken Bartz broke the news of her firing in a memo sent from her iPad to employees.

    VIDEO: Carol Bartz out as Yahoo CEO

    In it, she wrote, “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.”

    “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,” Yahoo Chairman Roy Bostock said in a statement.

    The firing, long speculated upon in Silicon Valley circles, comes days after rumors surfaced that Yahoo was looking for a replacement for Bartz. At the time, though, Yahoo officials denied that the board was ousting Bartz.

    Yahoo shares jumped 6 percent, to $13.69 in morning trading Wednesday.

    Read Full Article at USA Today

    Good luck.

    Calvin Wilson
    Founder and CEO
    Upstart: Business and Management for 20-40 Year Old Professionals
    calvin.wilson1@verizon.net
    http://twitter.com/Upstart__Nation

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