Yahoo on Wednesday announced that former PayPal president Scott Thompson will takeover as CEO of the company. Thompson will replace Tim Morse, who has served as the interim CEO since the firing of Carol Bartz last year. ” With the ultimate goal of delivering the value our shareholders expect, my immediate focus will be on getting to know the entire team and hearing more from all Yahoo!s, working closely with the engineers and product teams, and diving deeply into our products and services to learn more about what our more than 700 million users find most engaging and useful,” Thompson said. “I will also be working directly with our region leaders and sales teams globally to get a clearer understanding of the needs of our advertisers and publisher.” Yahoo’s full press release follows after the break. More →
“I want to make sure that the employees don’t believe that I’ve abandoned them. I would never abandon them.” Those are the words of former Yahoo chief executive officer Carol Bartz who was fired from the firm over the phone last week but who said she would remain on the company’s board. Bartz no longer has a position on the board as of Monday, however, and it is possible that is a result of a recent interview with Fortune during which Bartz said Yahoo “f***ed me over” and called the rest of the company’s board “doofuses.” “On September 9, 2011, Carol Bartz resigned from the board of directors of Yahoo! Inc., effective immediately,” Charles Sipkins, a spokesperson for the board said in an email obtained by Reuters on Sunday. Bartz’s words could have cost her $10 million, according to Fortune which noted the exec had a non-disparagement clause in her contract with Yahoo. More →
Following recent rumblings surrounding discontent atop Yahoo’s executive chain, the struggling Internet company fired its CEO Carol Bartz. In the same stroke, Yahoo! also revealed that it is for sale. News broke Tuesday night that former chief executive Carol Bartz sent an email to the entire Yahoo organization. In her brief note, she stated that Yahoo’s chairman of the board had fired her — over the phone, no less. Yahoo confirmed the news, stating that Chief Financial Officer Tim Morse would step in as interim CEO while the company searches for a new chief. Following the news, a Yahoo employee speaking with The Wall Street Journal also confirmed that the company would be open to selling itself. “Yahoo is open to selling itself to the right bidder,” the Journal wrote. No additional details were provided. Carol Bartz’s full email to Yahoo staff follows below. More →
Everyone’s favorite star-crossed lovers — the likes of which haven’t been seen since General Hospital — may be coming back to the bargaining table, yet again, in an effort to unite two of the Internet’s biggest powerhouses. Yep, speculation is in full swing once more as Microsoft COO reveals the company is still interested in talks with the now-rebounding wonder of the Web, Yahoo.
They have a new CEO, and she’s formulating her business plans. We’ve certainly made her aware and the Yahoo! board aware that if they are ever interested in an opportunity to partner with them on search, we’d like to sit down and at least have the conversation. It has to make economic sense to both parties.
No, this isn’t the full-on acquisition Microsoft seemed so interested in pursuing last year. It is, however, a pretty wide open door for Yahoo CEO Carol Bartz and her cohorts to walk through. This isn’t to say Bartz will accept the invitation of course, but it would certainly be interesting to see how things play out without Yang around to continuously heave merciless sliders like Clemens after a fresh shot of HGH. Game on.
Well, it looks like board meetings over at Intel are going to be pretty awkward for a while. Following the Wall Street Journal’s scoop earlier today, Yahoo has officially announced that Carol Bartz has joined the company as CEO. In the same breath, Yahoo also revealed that current President Sue Decker has informed the company she will be resigning from her role after a transitional period. Decker, a candidate who had been considered for the open CEO spot as well, has been with Yahoo in a variety of capacities for the past 8-1/2 years. Decker will remain on as Bartz settles into her position, after which she will apparently head off to greener pastures – which shouldn’t be overly difficult at this point. As for Bartz, Yahoo’s press release included her first official statement as CEO:
Yahoo! is a powerful global brand with a great collection of assets, strong technology, and enormously talented employees. The Company has accomplished a great deal in its relatively short history and I look forward to working together to take it to the next level. There is no denying that Yahoo! has faced enormous challenges over the last year, but I believe there is now an extraordinary opportunity to create value for our shareholders and new possibilities for our customers, partners and employees. We will seize that opportunity.
Former CEO Jerry Yang will return to his previous role as Chief Yahoo.
Since Yahoo-founder Jerry Yang stepped down from his CEO role back in November, not much has improved with the struggling internet giant. The company underwent a huge round of layoffs in December and since then news has been scarce, which actually shoudl be viewed as a good thing in Yahoo’s case. Now, according to the Wall Street Journal, Yahoo is expected to announce that former Autodesk CEO Carol Bartz will come on board and assume the role of CEO. Bartz is no stranger to Yahoo execs – she currently sits on Cisco’s board with Jerry Yang and she has a seat on Intel’s board as well alongside Yahoo President Susan Decker. As to the task of leading Yahoo, most speculate Bartz’s chief task will be to bring Microsoft back to the table in an effort sell the company or at least parts of its business. Despite public claims from Microsoft CEO Steve “I Like to Yell” Ballmer, many believe Microsoft is still very interested in Yahoo’s search business if not the company as a whole. Whether or not Bartz will be up to the task remains to be seen but hopefully Icahn takes to her a bit better than he did Yang. As fas as Wall Street goes, investors don’t seem overly excited about the move – Yahoo shares dropped to $11.78 following the Wall Street Journal’s report after opening at $12.16. It has since recovered and is currently hovering just north of $12.00.