Tag Archives: Finance

Former Yahoo CEO Carol Bartz goes on a bizarre rant

In what is sure to be one of the most unusual interviews in Silicon Valley history, former Yahoo! CEO Carol Bartz goes out in bleeping fashion from the company.

In a blunt and bizarre first interview with Fortune magazine since her firing, Bartz when all out to trash Yahoo’s Board of Directors saying that “these people fucked me over.” She tells the magazine that she called Yahoo chairman Roy Bostock a little after 6PM the day before speaking at a major tech conference in New York. She was supposed to call at 6PM sharp and says “I called him at 6:06,” and he began reciting a lawyer-written statement to Bartz over the phone informing her of her firing.

She was clearly not happy with the way Bostock handled the termination. “I said; ‘Roy, I think that’s a script,'” then adding, “‘Why don’t you have the balls to tell me yourself?'” Bostock kept reading and by the end she said,”I got it. I got it,” adding, “I thought you were classier.”

Bartz was recruited in 2009 to lead the company after Yahoo founder and then-CEO Jerry Yang announced that he would step down. Yahoo was close to being acquired by Microsoft in 2008 for some $41 billion. Bartz blames the board for not taking the offer, which ended up in Yahoo scoring a search partnership with Microsoft, which stunted it’s short-term growth but, according to her, would’ve been beneficial in the long term. “The board was so spooked by being cast as the worst board in the country, now they’re trying to show that they’re not the doofuses that they are.” Bartz emailed Yahoo’s 14,000 employees about her firing last night, and she insists that she never wanted to make the employees feel distant from her. “I want to make sure that the employees don’t believe that I’ve abandoned them. I would never abandon them, I have way too many purple clothes.” Well, Bartz should consider returning or bleaching those clothes, as it looks highly unlikely that she will remain on the board after her comments. Also, the employees that she didn’t want to think had been “abandoned” by her might not care about her departure, they may even be cheering it on. Employer aggregator Glassdoor shows that Bartz had a 54% approval rating among her employees, below the average of 62%. Also, investors seem pretty happy of Bartz getting the boot—Yahoo’s stock is up over 12% since she got fired.

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