Yahoo Shares Dip After Call for Bartz Resignation
Investor says ‘lame duck CEO’ is last thing company needs
Is uncertainty in the C-suite taking its toll on Yahoo shares?
The day after an investor called for CEO Carol Bartz to resign at the company’s annual shareholders meeting, Yahoo's stock price took a slight dip, opening at $15.10 but then slipping to $14.96 by late morning.
Despite rumors that the Yahoo board is secretly looking for a new CEO, Yahoo Chairman Roy Bostock said the board supports Bartz and believes she is taking the company in the right direction.
“I want to make it very clear about that support,” he said.
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