Here's What Top Yahoo Execs Just Told Employees About Firing The CEO (YHOO)


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Yahoo cofounders/board members Jerry Yang and David Filo – along with top executives Ross Levinsohn, Tim Morse, and Blake Irving –  just held a company-wide meeting.

The point of the meeting was to explain why the company fired CEO Carol Bartz last night and what happens next.

The main points (and our responses):

  • Yahoo is not for sale. (We've heard otherwise)
  • Yahoo is still trying to be a "premier digital media company." (Finally, Yahoo understands what it is.)
  • Bartz was fired because Yang wants Yahoo to "change faster." (We believe this.)
  • Bartz was fired without a replacement in place because Yahoo wanted to advertise the position as widely as possible. (Oh brother).

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Source: http://feedproxy.google.com/~r/businessinsider/~3/tn5DaxGVyDk/heres-what-top-yahoo-execs-just-told-employees-about-firing-the-ceo-2011-9

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