Yahoo CEO Fired by Phone
Carol Bartz, CEO of Yahoo! has fired by phone. It was revealed after the leaking of the memo originated from Bartz and sent to all employees of Yahoo! Many have speculated if the memo that would surprise Yahoo employees. What’s leaving because Bartz was fired over the telephone by the Chairman of The Board of Yahoo.
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
Sent from my iPad
Yahoo CEO Fired By Phone
Until now there has been no official statement from Yahoo about the sacking of former Bartz has served for 30 months. Of course there are many reasons why Carol Bartz no longer afford to lead Yahoo. Following these, quoted from Forbes:
- Carol Bartz the biggest mistakes is seen lies in her confidence, so she misjudge the situation that occurred in Yahoo! company as well as in the market.
- Bartz experienced in a variety of companies such as Autodesk. However her style is considered outdated, perhaps due to her was 60 years old. Carol Bartz is judged less visionary and was unable to follow the development of the times.
- Carol Bartz took a long time to build an effective team to support it, about 18 months. She gained the best talents around the end of the year, such as Blake Irving in the product. It is contributing to the stagnation of Yahoo.
- The Board Chairman of overconfidence on Jerry Yang, co-founder of Yahoo, when choosing Carol Bartz. In the future, they should choose its own candidate was judged the best CEO of Yahoo.
- The deal merging Yahoo with Microsoft Search service is not running well. votes Yahoo Search since August 2010, US search was powered by Bing. Consequently, the search via Yahoo go to Bing’s market share. It is judged detrimental to Yahoo.
- Investors were disagree with Bartz’s performance, Yahoo! company does not find new ways to create income, stabilize finances and attracting top employees.
- Her salary is too large, it raked in around US$ 60 million in its first two years as CEO of Yahoo. Some investors also questioned the propriety of such paid considering Yahoo as if the road is in place.