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Carol Bartz surrenders spot on Yahoo board

September 13th, 2011 at 12:00 AM

“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.

Read [Reuters] Read [Fortune]

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