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Wednesday, 07 September 2011 10:57

Yahoo fires CEO Carol Bartz

Written by Nedim Hadzic

yahoo_logo


After hours trading up
Although it was expected to happen sooner or later, it is now official - Carol Bartz is no longer Yahoo CEO.

Bartz is apparently not an overly friendly person and has made quite a few enemies during her reign. Yahoo’s board of directors instead appointed Timothy Morse as interim CEO.

The company is still confident it has what it takes to compete with Google. It said that it is evaluating possibilities and opportunities that will put the company on a trajectory for growth and innovation.

While innovation is something we’re yet to see, Yahoo’s stock seems to have liked Bartz’ dismissal, as its after hours trading is up more than 6 percent to $13.72.


Last modified on Wednesday, 07 September 2011 11:20

Nedim Hadzic

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