Carol Bartz, CEO of Yahoo, was fired Tuesday, over the phone, just 33 months after she was appointed to head the struggling Internet company.
I am very sad to tell you that I've just been fired over the phone by Yahoo's chairman of the board, Bartz said in an e-mail to employees.
It has been my pleasure to work with all of you and I wish you only the best going forward the message sent from Bartz's iPad read.
Tim Morse, the CFO of Yahoo, has been appionted as interim CEO.
Before Bartz took over the CEO role from co-founder Jerry Yang in January 2009, Yahoo was struggling to be more competitive and profitable. Microsoft had offered $47.5 billion to take over the company but was snubbed. Soon thereafter Yahoo's stock fell sharply and the company never recovered. Bartz was expected to turn around the company at the time she was appointed.
Apparently, she found it difficult to manage the legacy.
What do you think? Can Yahoo recover under Morse? Leave your comments below.