Yahoo! and Carol Bartz Split, Over the Phone
Breakups are never easy, and that is why some people prefer to do it over the phone. It’s not a nice thing to do, but I guess it’s easier to break up with someone when you don’t have thee see them in person. The news is that Yahoo! and CEO Carol Bartz have split, and Yahoo! decided to do the breaking up over the phone.
Yahoo! announced earlier this week that its board of directors decided to let Carol Bartz go. The board also decided that until a new CEO is found, Tim Morse, Yahoo!’s current Chief Financial Officer (CFO) will be the interim CEO. Tim Morse will act as CFO and interim CEO until a replacement is found.
The board also formed an Executive Leadership Council with the aim of supporting Morse while acting as intering CEO for Yahoo!. Key senior execs were appointed on the council: Michael Callahan, Executive Vice President, General Counsel and Secretary; Blake Irving, Executive Vice President and Chief Product Officer; Ross Levinsohn, Executive Vice President, Americas; Rich Riley, Senior Vice President & MD, EMEA Region; and Rose Tsou, Senior Vice President, APAC Region.
"It is an honor to be selected for this role and lead the Company with this world-class team of executives,” said Tim Morse. “I look forward to working with the Executive Leadership Council and the talented employees of Yahoo!, and to partnering with the Board to invest in the organization and continue to drive its ongoing growth plans.”
Carol Bartz, who took over as CEO in 2009 when Yahoo! founder Jerry Yang stepped down, sent a brief message explaining that she was fired over the phone. Here’s that message:
“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.”
So there you have it. Carol Bartz was fired over the phone, Tim Morse is the new interim CEO of Yahoo!, and Yahoo! is currently looking for a new CEO.
Yahoo! announced earlier this week that its board of directors decided to let Carol Bartz go. The board also decided that until a new CEO is found, Tim Morse, Yahoo!’s current Chief Financial Officer (CFO) will be the interim CEO. Tim Morse will act as CFO and interim CEO until a replacement is found.
The board also formed an Executive Leadership Council with the aim of supporting Morse while acting as intering CEO for Yahoo!. Key senior execs were appointed on the council: Michael Callahan, Executive Vice President, General Counsel and Secretary; Blake Irving, Executive Vice President and Chief Product Officer; Ross Levinsohn, Executive Vice President, Americas; Rich Riley, Senior Vice President & MD, EMEA Region; and Rose Tsou, Senior Vice President, APAC Region.
"It is an honor to be selected for this role and lead the Company with this world-class team of executives,” said Tim Morse. “I look forward to working with the Executive Leadership Council and the talented employees of Yahoo!, and to partnering with the Board to invest in the organization and continue to drive its ongoing growth plans.”
Carol Bartz, who took over as CEO in 2009 when Yahoo! founder Jerry Yang stepped down, sent a brief message explaining that she was fired over the phone. Here’s that message:
“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.”
So there you have it. Carol Bartz was fired over the phone, Tim Morse is the new interim CEO of Yahoo!, and Yahoo! is currently looking for a new CEO.
