Yahoo fires its CEO – by PHONE – OUCH!
Carol Bartz, on Tuesday was relieved on her duties as CEO of the online directory giant, Yahoo. The dismissal, however, is not what is making headwaves, it is how the firing was done. The was not dismissed in a formal way, she unfortunately, was relieved of her duties by a simple phone call.
Being with the company for less than 3 years, she was brought on to try to spearhead the company to bigger growth, and to grow with new product and service offering with no success in the eyes of the board of directors. I guess with Yahoo, when you can’t get things done, you will get the boot as quickly and maliciously as possible!