Carol Bartz fired as Yahoo CEO, Company is for sale
Yahoo CEO Carol Bartz was fired over the phone. With just a 33% employee approval rate it was just a matter of time. Tim Morse the actual CFO, was named Interim CEO.
Yahoo stock was jumping (+6%) after removing Carol Bartz from her role as CEO. Sale of the company could probably be the next move.
Read official news : Yahoo! Announces Leadership Reorganization