Latest Carol Bartz Stories

Yahoo Hires New CEO: Marissa Mayer
2012-07-17 11:10:06

Michael Harper for redOrbit.com — Your Universe Online Yahoo has chosen a former Google executive to take over as CEO, passing over Ross Levinsohn who had been acting as interim CEO and had made initial moves to bring peace between the Facebook and Yahoo houses. Marissa Mayer, 37, will now be in charge of turning the struggling Internet company around. She also becomes the third Yahoo CEO within a year. Yahoo´s decision is seen as a return to the aspects that once made the...

Resume Of Yahoo CEO Scott Thompson Faces Scrutiny
2012-05-06 07:50:44

Michael Harper for RedOrbit.com When it rains, it pours Once a strong force in the tech and internet community, Yahoo! has fallen into a long tailspin as of late. Just before the dot com bubble burst, Yahoo! was riding high with stocks as topping $475. In the 12 years since, the company´s timeline reveals an excruciatingly slow decent filled with missteps and missed opportunities. Now, as the now defunct web portal is facing major losses, laying off thousands of employees, a new...

Another Year, Another Yahoo CEO Promising A Turnaround?
2012-04-18 12:38:02

Scott Thompson is the latest CEO for Yahoo promising a splashy turnaround, and despite tech pundits rolling their eyes as if they have heard this all before, the earnings look upbeat for his first full quarter on the job. Yahoo pulled in 23 cents a share on $1.07 billion in sales for the first quarter, the company said Tuesday. Earnings topped analyst estimates, while revenue, up a scant 1 percent from last year, came in as expected, reports Julianne Pepitone for CNN Money. Thompson,...

Yahoo Set For More Layoffs
2012-04-05 04:20:43

Marshal Rosenthal for RedOrbit.com Pity the poor Yahoo press officer. It seems that each time Yahoo stubs its toe the world seems to be watching. What´s the latest to befall the once-mighty Search engine giant? More layoffs. According to an RTTNews report, those thinking that Yahoo would be cutting back on staff seem to have called it right. The company´s announcement that around 14% of their global workforce [some 2,000 folks] vindicates that position. The rest of...

Yahoo Plans Massive Restructuring, Deep Layoffs
2012-03-06 05:40:01

Yahoo is preparing to lay off thousands of employees as part of a massive restructuring, the tech news website AllThingsD reported on Monday, citing multiple sources both inside and outside the company. The plan could be announced as early as this month, according to the report, and is “being aimed at Yahoo´s large products organization, as well as other arenas in which the company has lagged in.” "Some parts will be cut away, leaving resources to go to better efforts,"...

As Yahoo’s Struggles Continue, Board Chairman Bostock Steps Down
2012-02-09 05:21:58

In an unexpected letter to shareholders, Yahoo chairman Roy Bostock announced Tuesday that he and his fellow board members Vyomesh Joshi, Arthuer Kern and Gary Wilson would not be seeking another term on the board this year. Bostock said that former Rovi CEO Alfred Amoroso and former LiveOps CEO Maynard Webb had been added to Yahoo´s upper management team to stand in as independent directors. The past months have been a topsy-turvy time for the wavering Web colossus. Amidst...

PayPal Guru Thompson To Take Over As New Yahoo CEO
2012-01-04 14:35:14

Veteran web giant Yahoo announced today that PayPal President Scott Thompson will be taking over as the company´s chief executive. In light of Yahoo´s struggle in recent years to remain a key player in the Internet world, many shareholders and company insiders are hoping that Mr. Thompson will do for their company what he did for eBay Inc´s payment branch. Mr. Thompson will be joining the Yahoo team some five months after its last controversial CEO Carol Bartz was let go,...

Yahoo Forces Bartz To Resign Board Seat
2011-09-12 08:25:20

  After being dismissed last week, from her position of Yahoo CEO, Carol Bartz has announced her resignation from Yahoo´s board of directors. A spokesperson for the board wrote in an e-mail on Sunday, On September 9, 2011, Carol Bartz resigned from the board of directors of Yahoo, effective immediately,” Reuters is reporting. After being informed of the decision to dismiss her via phone call last Tuesday, Bartz said that she planned to remain on the board of directors...

Yahoo Fires CEO Bartz By Phone
2011-09-07 08:55:35

Carol Bartz, Yahoo CEO, was released from her duties by Yahoo´s chairman of the board yesterday after 2-and-a-half years of lackluster leadership. Yahoo announced that Chief Financial Officer Tim Morse has been named interim CEO. The news was first reported by AllThingsD. Yahoo Chairman Roy Bostock, also a target of shareholder frustration, informed Bartz about the move over the phone. Bartz responded publicly with an email sent from her iPad to employees and obtained by Reuters,...

Word of the Day
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.