On tuesday, Carol Bartz was fired from the CEO post of Yahoo Inc. Now She has resigned from the company’s board of directors.
Bartz was abruptly fired from her job as CEO on Tuesday. She had said that she planned to remain on the Internet company’s board of directors, a statement that conflicted with that of a company spokesman who said Bartz would have to give up her board seat.
After being fired, Bartz gave an inflammatory interview to Fortune magazine in which she characterized Yahoo’s board as “doofuses” who “fucked me over”.
Bartz, who took over as CEO in January 2009, failed to keep Google Inc. (GOOG) and Facebook Inc. from gaining users and advertising revenue. Bartz, 63, also rankled investors with her handling of assets in Asia, including a stake in Alibaba Group Holding Ltd. and Yahoo Japan Corp. She feuded publicly with Alibaba Group CEO Jack Ma, who spun off one of his company’s most valuable assets, the Alipay payment business, without compensating Yahoo shareholders until later.
Carol Bartz resigns from Yahoo board
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About the Author: Deepanker Verma
Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.
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