Wednesday, September 7, 2011

Yahoo dumps CEO


Editor's note: The firing of Bartz doesn't come as a surprise. Yahoo is still figuring out what it wants to be - a tech company or a content development company. Meanwhile, the company continues to get squeezed by Microsoft and Google. - MT
SAN FRANCISCO — Carol A. BartzYahoo’s chief executive, was fired Tuesday, ending a rocky two-year tenure in which she tried to revitalize the online media company.
Ms. Bartz has been under pressure from her first day in the job to turn the company around, and in recent months the pressure from major investors intensified. The company remains adrift despite management shuffles, layoffs and the shedding of underperforming services. She engineered a deal that turned over its search operations to Microsoft, but that has also failed to live up to expectations.

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