Carol Bartz Out as CEO of Yahoo, Stock Soars
Yahoo CEO Carol Bartz was given the boot yesterday after nearly three years with the company. CFO Tim Morse will take over in the interim.
Bartz’s reign at the top of Yahoo was spotty at best. The Internet giant had declining revenues in every quarter of her tenure. Granted, the economy hasn’t been so sterling during that time. But that hasn’t stopped Google and Facebook from gaining market share. The LA Times reports that since Bartz took over Google’s share of online advertising has risen from 35% to 41%, while Facebook occupies 7% of that total.
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