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.
Yahoo expected to name Carol Bartz as CEO
Updated Dec 19th, 2018 6:12PM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
