CEO of Yahoo Carol Bartz Ousted by Board

posted onSeptember 7, 2011
by l33tdawg
http://www.flickr.com/photos/niallkennedy/98179889/
Credit: http://www.flickr.com/photos/niallkennedy/98179889/

Carol Bartz is no longer the CEO of Yahoo, reported AllThingsD, citing sources at the company.  CFO Tim Morse will take over as the interim CEO.

AllThingsD reported that the board of the company, specifically Chairman Roy Bostock and Co-founder Jerry Yang, informed Bartz of "the need to make a change."

Yahoo hasn't done terribly under Bartz's 30-month tenure.  However, it hasn't done well at all, either. In fact, Yahoo's board members aren't the only people who are concerned; AllThingsD reported that investors have "pull[ed] out their spreadsheets about a variety of scenarios related to Yahoo," including taking it private or splitting it apart.

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