Yahoo CEO Carol Bartz has had a bumpy ride in the big chair these last few years, and the ride came to an abrupt end last evening. Bartz was fired by the Yahoo board in a phone conversation. She sent out a quick email before packing up and hitting the trail.
In her email, Bartz neglected to give any details of the conversation, but knowing how she handles herself we have to assume she did not go quietly. Yahoo’s board confirmed the ouster in a press release some time later. Yahoo CFO Tim Morse has been installed as interim CEO.
Bartz came in at a time when Yahoo was reeling from a failed Microsoft acquisition and needed direction. But over the years, Yahoo has been unable to gain traction. Founder Jerry Yang was reportedly not on good terms with Bartz, which could have contributed to the move. The increasing pressure for changes from shareholders likely also precipitated the firing. Do you think Yahoo will be better off without Bartz?