Carol Bartz Retired from Yahoo

Earlier, Carol Bartz, who until recently held the post of CEO of Yahoo, said she wanted to remain on the board of directors after leaving the top post. The other day, Bartz announced that immediately after she was dismissed from her post as Yahoo CEO, she was informed that she could no longer be a member of the board of directors of this company. In general, everything turned out very quickly - Bartz was fired by phone, and the very next day they “asked” to come from the chair of the board of directors of Yahoo.

As mentioned in the last post, Bartz was repeatedly criticized for not being able to steer Yahoo along the development path. Instead, there were staff reductions, the closure of some of the company's projects and other actions aimed primarily at saving money.

It is worth noting that all members of the board of directors of Yahoo may lose their seats on the board. Third Point LLC, one of Yahoo’s major shareholders, demanded that the entire board of directors be replaced, considering Bartz’s dismissal to be an insufficient measure. Other shareholders also believe the current Yahoo board of directors is guilty of the fact that the company was not in a very good position: there are no new projects, shares are falling in price. As for the value of Yahoo shares, they have risen in price by 12% after Bartz left the post of CEO of the company.
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Now the cost of Yahoo is 18.2 billion dollars, and shareholders of the company do not lose hope that ahead is the development of the company and the rapid improvement of the situation. But, of course, this is possible only with competent leadership.

Via wsj