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Carol Bartz Is Out As Yahoo's CEO

Posted by Soulskill on from the didn't-leverage-cloud-synergies-enough dept.

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."

3 of 200 comments (clear)

  1. Re:typical... by Anonymous Coward · · Score: -1, Troll

    What brilliant insight there, genius. With such original thinking, maybe you should send your resume over to yahoo for consideration as their next CEO.

    How many businesses have you run? Yeah I thought so.

  2. Women CEOs = Failure by bedouin · · Score: -1, Troll

    There's a reason only about a dozen Fortune 500 companies have female CEOs, and almost none of them are in tech.

    1. Re:Women CEOs = Failure by Anonymous Coward · · Score: -1, Troll

      Misogyny? Old school sexism? Ongoing, entrenched cultural values that discourage females from even considering certain roles, let alone creating an environment that might foster or cultivate them in such pursuits?

      No, women generally just suck as tech CEOs. They seem to do OK in fields where they're primarily selling to women, but hiring a female CEO seems to be one of the fastest ways to trash the profitability of a tech company.

      (Either that or tech companies hire female CEOs when they're already melting down because no-one else wants to be blamed for the upcoming disaster)