Yahoo! Fires CEO Carol, And Puts Company Up For Sale

Thursday
Carol Bartz’s tumultuous tenure as the CEO of Yahoo came to an abrupt end on Tuesday. In a terse email, Yahoo! CEO Carol Bartz informed company staffers that she is leaving after 30 months. Around the all the buzz about the ousted Yahoo CEO, Yahoo also revealed that it is up for sale.



Yahoo confirmed the news and stated that Chief Financial Officer Tim Morse would step in as interim CEO while the company searches for a new chief.

The Board sees enormous growth opportunities on which Yahoo! can capitalize, and our primary objective is to leverage the Company’s leadership and current business assets and platforms to execute against these opportunities,” Yahoo! chairman Roy Bostock said in the statement. “We are committed to exploring and evaluating possibilities and opportunities that will put Yahoo! on a trajectory for growth and innovation and deliver value to shareholders.”

BGR Notes:

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.

Here is a stunning email by Bartz to her staff:

From: “Carol Bartz”
To: “all-worldwide@yahoo-inc.com”

Subject: Goodbye

To all,

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.

Carol