InfoAnda - Yahoo CEO Bartz fired over the phone, rocky run ends |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Japan's mobile phone marvels go back to the future | 30 December 2009
Eminem set to return to No. 1 on album chart | 13 August 2010
CORRECTED: Big names from Hollywood on Obama's arts committee | 3 November 2009

Will Palin TV show translate into presidential run? | | 16 November 2010

Forum Views () Forum Replies ()

Read more with google mobile : Yahoo CEO Bartz fired over the phone, rocky run ends |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (7) Editor's Choice More youth getting recommended vaccines Hurricane Katia weakens a little: NHC RIM investor urges company to consider sale Month-end target mooted for finding "no Higgs" Forty percent of Europeans suffer mental illness In the breadbasket, climate change feeds worry Sony recruits security boss after hacking Formulating functional fitness for everyday people Gershberg: No outlier excuse for disasters Video: Virtual reality allows users a new look Slideshow: Texas wildfires rage Follow Reuters Facebook Twitter RSS YouTube Read The world still thinks Americans are "coolest": poll 06 Sep 2011 Obama to propose $300 billion jobs package: reports 1:46am EDT CORRECTED - UPDATE 4-Gunman kills 4 at Nevada pancake house, shoots self 2:33am EDT Yahoo CEO Bartz fired over the phone, rocky run ends 2:16am EDT Swiss draw line in the sand to cap runaway franc | 06 Sep 2011 Discussed 79 Exclusive: Condoleezza Rice fires back at Cheney memoir 72 Biggest rally in Israel’s history presses PM 70 Nearly 40 percent of Europeans suffer mental illness Watched Virtual reality allows users to face up to a new look Mon, Sep 5 2011 Photos show astronaut boot tracks on moon Tue, Sep 6 2011 Buenos Aires Fashion week sizzles Mon, Aug 22 2011 Yahoo CEO Bartz fired over the phone, rocky run ends Tweet Share this Email Print Related News Yahoo's Bartz fired by chairman over phone: source Tue, Sep 6 2011 Two dead in Texas wildfires, Perry to return Mon, Sep 5 2011 U.S. moves to block AT&T's purchase of T-Mobile Thu, Sep 1 2011 U.S. moves to block AT&T, T-Mobile deal Wed, Aug 31 2011 CORRECTED - UPDATE 3-U.S. moves to block AT&T, T-Mobile deal Wed, Aug 31 2011 Analysis & Opinion Crunch theater: blogger’s VC fund creates media spectacle Tech wrap: Apple taps Eddy Cue to boost iAd, iCloud Related Topics Technology » Media » Yahoo Chief Executive Carol Bartz gestures during her appearance at the Web 2.0 Summit in San Francisco, California November 16, 2010. Credit: Reuters/Robert Galbraith By Alexei Oreskovic and Edwin Chan SAN FRANCISCO | Wed Sep 7, 2011 2:16am EDT SAN FRANCISCO (Reuters) - Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search for a permanent leader to spearhead a battle in online advertising and content with rivals Google Inc and Facebook. Shares in Yahoo jumped 6 percent in after-hours trading to $13.7 after closing at $12.90 on the Nasdaq. They are scarcely higher than where they were when Bartz first took the reins in January 2009 with hopes of reviving stalled growth and competing with up-and-coming rivals. On Tuesday, her efforts were abruptly halted after Bostock called with the bad news. "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," the outspoken CEO said in a two-sentence email to employees obtained by Reuters. The turn of events surprised few Wall Street observers who had tracked a rising torrent of criticism and watched revenue growth falter and sputter out. Some analysts said Bartz's departure signaled the company had run out of options after failing to dominate the advertising and content markets and handing over its search operations to Microsoft Corp. That partnership, under which Microsoft handles search for Yahoo's websites and keeps a portion of ad revenue, appears to favor the software company at Yahoo's expense. STRATEGIC REVIEW Yahoo is still one of the most popular destinations on the Internet but faces increasing competition from social networking service Facebook and from Google, which has a market value of $170 billion, 10 times more than Yahoo. Yahoo said a new executive leadership council would help Morse in managing day-to-day operations as well as supporting "a comprehensive strategic review" to position the company for growth. The decision to oust Bartz was reached by an unanimous vote of Yahoo's eight independent directors late last week, according to a person close to the company. Bartz, and co-founder Jerry Yang, who are also on the board, did not participate in the vote, the person said. Yahoo has not hired investment banking advisors, but was likely to meet with various firms in the coming weeks, according to the person close to the company. "It's hard to say what direction they are going to head. What is the next step for Yahoo? They went down the road of search, they went down the road of media, becoming a content company, they went down the road of advertising," said YCMNet Advisors CEO Michael Yoshikami. "I'm not sure where they go right now. One wonders if this means that they might be ripe for a takeover." At least three private equity firms had reached out to at least one media firm to gauge acquisition interest two weeks ago, said a second source with direct knowledge of the approaches who declined to be identified because the talks were preliminary. CROWN JEWELS Yahoo is worth about $16 billion, with much of that ascribed to its roughly 40 percent stake in China's Alibaba, the parent company of websites including Alibaba.com and Taobao. Yahoo also owns a stake in Yahoo Japan, along with Japanese mobile company Softbank. Analysts estimate Yahoo's Asian assets are worth about $7-$9 of Yahoo's roughly $13 share price, based on a sum-of-the-parts valuation. Relations between Yahoo and Alibaba have soured since Bartz took over, with Alibaba founder Jack Ma failing in an attempt to buy out its U.S. partner's stake. A senior official at Alibaba Group said Bartz's departure was unlikely to solve the ownership issues. "There won't be much of an impact in the relationship to be honest," the official said on the condition of anonymity. "We have to wait and see till we are working together with the new CEO." The rocky relationship between the companies came to a head in May when it was revealed that Alibaba had abruptly handed Alipay -- one of Alibaba's crown jewels -- to a company controlled by Ma, apparently without Yahoo's knowledge. "The immediate impact will not be much because I don't think Yahoo wants to sell its stake although Alibaba wants to buy it. It really depends on how Tim handles this, as in the past Carol has had a strong stance on this," said Hong Kong-based CLSA analyst Elinor Leung. FALL FROM GRACE Bostock voiced his public support in June for Bartz, a lightning rod for criticism from Wall Street, and known for her tough attitude and salty language. Bartz's ouster capped a decade-long fall from grace for a company whose shares traded at more than $125 in January 2000 during the dotcom bubble -- but now languishes at about a 10th of that level. Bartz arrived at Yahoo in January 2009 after a strong showing at software giant Autodesk with high hopes of turning around Yahoo, after Yang was widely thought to have botched a $47.5 billion proposed takeover by Microsoft, rebuffing that advance as too low. Yahoo reported a slight decline in net revenue in the second quarter, as efforts to restructure its sales force caused disruptions. Research firm eMarketer has projected that Facebook would overtake Yahoo this year to collect the biggest slice of online display advertising dollars in the United States. Bartz, who had more than a year left on her four-year contract with Yahoo, was slated to host a Q&A at the Citi Technology Conference at 1250 pm ET in New York on Wednesday. Bartz had reserved a room at the St. Regis hotel in Manhattan for Tuesday evening, but a hotel receptionist reached over the phone said the booking had been canceled. (Additional reporting by Melanie Lee in SHANGHAI; Poornima Gupta and Sarah McBride in SAN FRANCISCO, Jennifer Saba in NEW YORK and Bill Rigby in SEATTLE; Writing by Edwin Chan; Editing by Carol Bishopric and Anshuman Daga) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (7) DisgustedReader wrote: My mother always told me to never, ever burn your bridges. Bartz’ demolition of the bridge that she crossed into the land of the filthy rich is a rather spectacular conclusion to her “tumultous tenure.” Sep 06, 2011 8:56pm EDT -- Report as abuse ChitFromChinola wrote: Never understood why the AutoCAD woman was hired to run an internet company. Then she even digs the chairman for the phone firing — who cares how the message is delivered? Yahoo has a lot of awesome stuff in their house — hope they can find someone to leverage it to the good instead of just cutting it to the bone. Sep 06, 2011 9:04pm EDT -- Report as abuse FoxxDrake wrote: Is this another example of “social promotion” gone awry?” Seems like too many people are chosen for: 1) their gender (think of all the spectacular female CEOs that have crashed and burned? HP anyone? Perhaps she’ll now fun for the Senate? 2) their color? We NEED an African American President! Wow, what a spectacular flop he is / was. 3) their buzz – Where do I begin? Steve Jobs kicked out by a former Pepsi “empty suit” – only to return when facing collapse (desperation sure provides clarity, doesn’t it?) and makes Apple the greatest company on the planet. Talented people who “could” make a difference are driven out as the politics of petty jealously and aggressive survival pertain more to playing FU upward mobility & musical chairs then ability. Smart execs rarely survive the corporate cut-throat-ness to become decision makers. Those that do, and thus become CEOs tend to be more “ruthless” than able. And that’s why (boys and girls) companies like Yahoo, HP and a host of others never beat or become the Apples of the world. Sep 06, 2011 10:28pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Newsletters About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 7 September 2011
Exclusive: Gaddafi used torture squads in bid to preserve rule |
Gunman wounds 6 people in Carson City restaurant, 3 killed
U.S. may seek access to al Qaeda suspect in Pakistan |
Looted burial box gives clue on high priest behind Jesus crucifixion
Egypt lets Kuwait lawyers join Mubarak defense team |
"30 Rock" becomes one-hour block for Comedy Central
Arab League chief visit to Syria delayed: diplomat |
Nationals pitcher Stephen Strasburg set to return Tuesday vs. Dodgers
Kurdish leader says Iraq needs U.S. beyond 2011 |
Advice columnist exposes sexually invasive TSA check, gets hit with defamation lawsuit
Eddie Murphy to host 84th Academy Awards
Four Ohio State football players return from one-game ban
Back-up plans for the individual mandate?
Israel troops kill Gaza gunman in incursion |
Israel-Turkey tensions here to stay, diplomat warns
Adult smoking rate down slightly
Groupon IPO on hold as SEC questions remain |
Regulators raid Google's South Korea office: source |
Sprint sues to block AT&T's proposed T-Mobile buy |
U.S. must reveal some cellphone tracking cases: court |
Eddie Murphy to host the Oscars |
Regis Philbin sets final day for hosting Live! |
Heathcliff is black in UK remake of Bronte's novel |
Gaddafi last tracked heading south: top Libyan official |
Briefcase bomb at High Court in India capital kills 9 |
Suicide bombers kill 20 in Pakistan's Quetta |
Syrian forces renew assault on Homs, kill 3: activists |
NATO suspends transfers to some Afghan prisons |
Soulja Boy issues an apology following backlash for anti-military rap song
Egypt's Mubarak back in court over protester deaths |
Regular, moderate women drinkers generally in better health
Panic move? Notre Dame changes starting quarterback after one game
Bellator finds new network partner as Season Five action approaches
U.S. say no Iraq troop decision yet as rumors swirl |
Menopause not linked to increased heart disease
9/11 brings slow death to Pakistan's Peshawar |
Uruguay apologizes over alleged rape by U.N. peacekeepers |
Oxycodone not a safe alternative for nursing mothers in postpartum pain
Jeff Gordon passes Jimmie Johnson, wins rain-delayed Atlanta Cup race
Adele opens up about pre-show anxiety to British Vogue
Regis Philbin announces last date on air
Former NYC Mayor Giuliani keeps 2012 presidential hopes alive
Yahoo CEO Bartz fired over the phone, rocky run ends |
AT&T could lower T-Mobile bid price if remedies grow: report |
Mexico Twitter terrorism breaches civil rights: lawyer |
Still painful, Sept 11 has few rewards for Hollywood |
Winehouse family gives interview to Anderson Cooper |
Soulja Boy apologizes for slamming U.S. Army |
New York's Met loses James Levine to back injury |
Exclusive: Documents detail Western arms firm's Libya deal |
Amy Winehouse's family to be first guests on new Anderson Cooper show
Russia says 43 feared dead in plane crash |
Cheers! Daily drink beneficial for middle-aged women
Witness accused of false testimony in Mubarak trial |
Breast feeding makes moms more than grizzly bears than teddy bears
Rory McIlroy eyes the prize at KLM Dutch Open
Flyers may soon be able to keep shoes on
Away from U.N. debate, Palestinian camp is on edge |
Christie named vice chair of GOP governors' group
Saudi Arabia's water needs eating into oil wealth |
Lil Wayne sells nearly million copies of “Tha Carter IV” in first week
Hockey players among 36 dead in Russian plane crash
Canada spent $92 billion more on national security organizations since 9/11
Tropical Storm Maria could be forming
Distant lives come together on 9/11's front lines |
Exclusive: Facebook first-half revenue roughly doubles |
Verizon sets launch for delayed Motorola Bionic |
Global cybercrimes cost $114 billion annually: Symantec |
Regulators raid Google's South Korea office: source |
Sulake names Disney exec CEO in social gaming push |
RIM investor urges fast shake-up |
Toronto film fest offers Oscar bids in strong market |
Bono and N'Dour to hold famine concert in Kenya |
Film ponders what would we do on last day of Earth? |
Oprah, Rosie grace cover of O's breakthrough issue |
A Minute With: Deborah Harry talking new Blondie |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01