Yahoo's Chairman Roy Bostock Fired CEO Carol Bartz on Phone
Carol Bartz, CEO of Yahoo Inc, was fired by chairman Roy Bostock over phone on Tuesday due to ongoing conflicts with Chinese partner Alibaba and overall negative growth of the company during turbulent tenure spread over more than two and half years.
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| Yahoo Comes Up with a Critical Decision, CEO Carol Bartz Departs |
Chief financial officer Tim Morse is expected to act as interim CEO until company finds someone to replace Bartz permanently and lead the company to restore its share in online advertising and content with rivals Google Inc and Facebook.
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