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
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