Yahoo fires CEO, puts company up for sale

By on September 7, 2011 at 7:45 AM.

Yahoo fires CEO, puts company up for sale

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 →

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Skype said to be firing execs to reduce payouts

By on June 20, 2011 at 6:46 PM.

Skype said to be firing execs to reduce payouts

Skype has started to fire several of its executives in an effort to reduce payouts from its Microsoft purchase, Bloomberg reported on Monday. Among the execs being let go are vice presidents Christopher Dean, David Gurle, don Albert, and Russ Shaw, as well as chief marketing officer Doug Bewsher, and the head of human resources, Anne Gillespi. Two other execs from Skype’s Qik acquisition earlier this year — Ramu Sunkara and Allyson Campa — were also fired according to the report. This could possibly mean that the executives will lose any stock options that were not yet vested. Microsoft announced on May 10th that it was acquiring Skype for $8.5 billion, and the deal is still pending FCC approval. More →

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