Ousted Yahoo CEO Carol Bartz Announces Departure via iPad
The tech world was rocked late Tuesday by the announced departure of another high-profile CEO - Yahoo chief executive officer Carol Bartz. The announcement, however, came as little surprise following weeks of rumors and reports that Bartz - a controversial figure to say to the least - was on the fast-track out of the company.
Obviously frustrated and angered by her removal - and, ostensibly, the unceremonious way in which she received her walking papers - Bartz quickly spread news of her canning to Yahoo staffers and colleagues via iPad. "I am very sad to tell you that I've just been fired over the phone by Yahoo's Chairman of the Board," Bartz dashed off on her Apple tablet. "It has been my pleasure to work with all of you and I wish you only the best going forward."
Replacing Bartz as interim CEO is Timothy Morse, the company's current CFO. Morse, however, has only been with Yahoo since earlier this summer. Still, the executive shake-up at Yahoo points to the continuing period of transition underway at the tech firm. But if you're wondering what exactly the company is "transitioning" toward, your guess is as good as mine.
"Yahoo hasn't asserted what it wants to be--whether it wants to be a media or technology company--and Carol, rightly or wrongly, is being blamed for a bad search deal and a less than stellar performance," Stifel Nicolaus analyst Jordan Rohan tells The New York Times.
Source: New York Times