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Businesses

Carol Bartz Is Out As Yahoo's CEO 200

itwbennett sends word that Carol Bartz is no longer the CEO of Yahoo. Company CFO Tim Morse will take up the job's responsibilities temporarily. In an email to Yahoo staff, Bartz said she had been fired over the phone by the chairman of the board. The AllThingsD blog sums up the situation thus: "[When Bartz replaced Jerry Yang], she presented a take-no-prisoners image and was touted as someone with a reputation as a professional manager who could clean up the place. Not so, as it has turned out. While Bartz has streamlined certain areas and made some strong management hires, her performance has been decidedly bumpy and mostly downhill. The share price has settled in at about $12.50 (just about where it was when Bartz took over), Yahoo’s recent financial results have been weak, its key advertising business is struggling, its attrition rate among engineers and others is startlingly high and its product innovation cycle seems stopped up."

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