Carol Bartz dismissed as Yahoo CEO

Rather, Carol Bartz was fired, and her dismissal from the post of CEO of Yahoo was a big surprise for both the company's employees and journalists from specialized media. After a short dismissal report, a confirmation from Bartz herself followed. It was a small email sent to all employees of the company. The message says that Bartz is sorry to leave, and that she was glad to work at Yahoo.

Unfortunately, the reason for the dismissal is not reported. Now the company's board of directors is already looking for a successor to Bartz as head of the board of directors. The acting head of the company will be Timothy Morse, who holds the company's board of directors.
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Previously, journalists of some media reported that some major shareholders and representatives of the board of directors are unhappy that during the time Bartz worked as the CEO of Yahoo, the company practically did not develop. Most often, Bartz has cut staffs, but since 2009, Yahoo has released very few new products. And some of those that still appeared were frankly unsuccessful. In addition, several months ago, journalists learned that Bartz was selling the company’s shares in large quantities, which doesn’t look very good, considering the post held by Bartz.

Interestingly, immediately after the departure of Bartz, the company's shares went up by 6%, and now the price of one share is $ 13.72.

Before Bartz came to Yahoo! The company's CEO was Jerry Yang, the company's founder. But after failures in negotiations with Microsoft, which tried to buy Yahoo, the shares of the latter began to plummet, and Young had to resign as the company's CEO.

Via mashable