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After Firing CEO, Yahoo Puts Itself Up For Sale

Posted by samzenpus on from the make-me-an-offer dept.

Reeses writes "Fare thee well, Yahoo: In addition to firing CEO Carol Bartz, Yahoo's board has now put the company up for sale. From the article: 'It was once the world's leading search engine, its founders held talks about a merger with Rupert Murdoch's News Corporation – and it even managed to fend off a $44bn takeover bid by Microsoft. But Yahoo has put itself up for sale, after firing its chief executive of 18 months Carol Bartz by phone.'"

1 of 264 comments (clear)

  1. Re:Moral of the story.... by sootman · · Score: 5, Informative

    > Requiring the CEO to buy a chunk of the company can provide them with a greater
    > financial stake in the company's success, or it can just provide them with the incentive
    > to axe the R&D department, pump out a few quarters that Wall Street loves, and give
    > themselves a giant bonus in the form of "shareholder value" before moving on...
    >
    > If anything, having a CEO without major holdings... might actually help ensure
    > that they take the long view...

    It's not either/or. There are ways to give someone a stake in the company and make it in their best interests to stick around and do good work. From last month's news about Apple's new CEO...

    In connection with Mr. Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook's continued employment with Apple through each such date.

    At the moment, those one million shares are worth about $400 million. It's entirely possible he'll become a billionaire as Apple's CEO.

    --
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