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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.'"

2 of 264 comments (clear)

  1. Moral of the story.... by Lumpy · · Score: 5, Insightful

    if the CEO has no personal deep financial stake in the company's success, then they are worthless.

    Require a CEO to buy a large chunk of your company. IT's why the people that built the company are always far more successful at running it than some idiot that got his masters in Business Administration, and has connections.

    --
    Do not look at laser with remaining good eye.
    1. Re:Moral of the story.... by SlippyToad · · Score: 5, Insightful

      Better yet, why not bar all forms of golden parachute compensation. If the CEO is fired, they're FUCKING FIRED, not given a huge handjob on the way out the door.

      Our corporate culture rewards failure rather than success, which is why our economy sucks so badly.

      --
      One day I feel I'm ahead of the wheel / the next it's rolling over me / I can get back on / I can get back on