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Entries in Carol Bartz (2)

Wednesday
Sep072011

Hello, You’re Fired: Yahoo CEO and Breakup Etiquette

Ramin Talaie/Bloomberg via Getty Images(SUNNYVALE, Calif.) -- Like any breakup, firing an employee can be hard to do. But when Yahoo CEO Carol Bartz was fired over the phone by Chairman Roy Bostock, she decided not to go quietly.  She informed the entire company about it in an email.

“To all,” Bartz wrote, “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.”

Bartz succeeded co-founder Jerry Yang in January 2009 to lead the Internet company, based in Sunnyvale, Calif.

Michelle Goodman, workplace columnist, said a firing situation that could be worse in terms of etiquette is learning the news by accident. That could happen when a company is planning layoffs secretly or in a hurry. She said the phone firing was surprising, considering the high stature of Bartz and the care companies usually deploy in crafting press releases for management changes.

“At least it wasn’t a text or email but it strikes me as warranting a face-to-face meeting,” Goodman said. “Maybe it’s old school, but etiquette dictates that.”

The Wall Street Journal’s Kara Swisher reported Bartz and Bostock were flying separately on the East Coast and did not have the chance to meet.

According to the Yahoo press release, the board appointed Timothy Morse interim chief executive, “effective immediately, replacing Carol Bartz, who has been removed by the Board from her role as Chief Executive Officer.”

Copyright 2011 ABC News Radio

Wednesday
Sep072011

Yahoo Removes CEO Carol Bartz, Replaces Her with CFO

Justin Sullivan/Getty Images(SUNNYVALE, Calif.) -- Carol Bartz has been given the boot from her position as Yahoo Inc.'s CEO.

In a statement Tuesday, the Internet company announced that its Board of Directors removed Bartz from her role and appointed Chief Financial Officer Timothy Morse to serve as her replacement in the meantime.  Her removal comes after she led the company for two-and-a-half years.

Board Chairman Roy Bostock said, "On behalf of the entire Board, I want to thank Carol for her service to Yahoo! during a critical time of transition in the Company's history, and against a very challenging macro-economic backdrop.  I would also like to express the Board's appreciation to Tim and thank him for accepting this important role.  We have great confidence in his abilities and in those of the other executives who have been named to the Executive Leadership Council."

The Board has also formed a new council to assist Morse with his new responsibilities while the company searches for a permanent CEO.

Copyright 2011 ABC News Radio







ABC News Radio