Yahoo! CEO Carol Bartz has just been shown the door and, according to a note she sent out to staff earlier today, she was given the news over the phone. Ouch.
All Things D today broke the news that Yahoo!'s Carol Bartz has been "removed by the Board from her role as Chief Executive Officer." The company has since confirmed the news with an official press release announcing "leadership reorganization." The executive shuffle will see Carol replaced by CFO Timothy Morse. Timothy will act as interim CEO (and still fulfill his duties as CFO) while Yahoo! conducts a search for a new chief executive officer. Aside from appointing Morse as interim CEO, Yahoo! has also formed a new Executive Leadership Council that will help in the running of day-to-day operations.
In a bold move, Bartz confirmed her departure from the company via a short note sent to staff from her iPad. Here's the note in full, via TechCrunch:
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.CarolSent from my iPad
It's not clear how the email got leaked to the press, but we imagine Carol no longer feels the way she once did about her memos finding their way to news desks. Shortly after the first memo she sent out was leaked, Carol was quoted as saying she would "drop-kick to f***ing Mars" employees who leak to the press.
Yahoo! brought Carol Bartz on in January of 2009. Prior to her role at Yahoo!, Bartz was CEO of Autodesk. She stepped down from her role in 2006 and became executive chairwoman of the board at Autodesk. She has also served on several other boards of directors, including Intel and Cisco Systems.
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