07 Sep '11, 1am

Yahoo CEO Carol Bartz: "I've just been fired over the phone by Yahoo's chairman of the board"

SAN FRANCISCO - Yahoo said this morning it has removed CEO Carol Bartz and replaced her on an interim basis with chief financial officer Tim Morse, ending a rocky two-year run marked by stagnating growth and a bitter rift with Chinese partner Alibaba. In a two-sentence email to employees obtained by Reuters, the outspoken Bartz said that chairman Roy Bostock fired her over the phone. Mr Bostock had only just voiced his public support in June for the CEO, a lightning rod for criticism from Wall Street, and known for her tough attitude. "I am very sad to tell you that I've just been fired over the phone by Yahoo's chairman of the board. It has been my pleasure to work with all of you and I wish you only the best going forward," Ms Bartz said in the email titled "Goodbye". Ms Bartz had joined Yahoo in January 2009 after investors had become dissatisfied with the stagnant grow...

Full article: http://www.todayonline.com/TechandDigital/EDC110907-00006...

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