Monday, September 12, 2011

Carol Bartz Resigns From Yahoo Board

Carol A. Bartz, who was fired as chief executive of Yahoo last week, has cut her final tie to the company by resigning from its board.
Her decision follows the usual script. But the outcome was far from inevitable.

Last week, Ms. Bartz, who is known for her pugnacious style, was technology/carol-bartz-yahoos-chief-executive-is-fired.html?_r=1&ref=carolbartz">fired by phone after a rocky two-year tenure trying to revive Yahoo. She did not take the firing well.

In an interview with Fortune, Ms. Bartz described Yahoo’s board members as “doofuses” and indicated that she may hang on to her seat. Never mind that her employment contract spelled out that she had to resign.

Yahoo took the unusual step the day the interview was published of issuing a statement saying “Ms. Bartz is obligated to resign from the board and we expect her to do so.” She heeded the message by resigning on Friday, Yahoo said two days after the fact.

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