In case you missed it, Yahoo recently fired it’s CEO by telephone. Yes, that’s right, the board of a multi-billion dollar corporation picked up a telephone and fired their top executive. Can you say “faux pax” anyone? But, wait, don’t be sad for her, Carol Bartz will walk away with a cool $10 million to ease her broken heart.
By Yahoo’s own statement, Ms. Bartz was released for “termination without cause”. And Yahoo stated in their press release that the board was appreciative of Ms. Bartz’s service and has appointed the CFO as interim CEO. Techsnoop doesn’t know about you but I wouldn’t release anyone a year early if it would cost me $10 million if they were a good worker. Even if we hated each other, we would have to get along for that much money. We’re talking about salaries for 10 developers for 20 years.
Next in said press release was the statement “The Co-founders of Yahoo!, David Filo and Jerry Yang, will each continue as Chief Yahoo and will provide counsel to Tim and the Executive Leadership Council.” Yes, that’s right, they will each continue as “Chief Yahoo“. Did someone really let this critical communication be released with a typo of this maginitude?
I smell job opening and I want to apply.