Yahoo Inc. is just talking it seriously. Overhauling the entire company is a must these days and it would include replacing the head. In short, firing CEO Carol Bartz is part of the picture. Not just merely firing her but immediately firing her over the phone. It must have been that urgent.
Bartz just sent a memo to her employees regarding what has happened. “I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward,” she said.
Yahoo used to dominate the internet world years ago but was then left out by the even stronger and getting bigger Google Inc. In addition to that, Facebook Inc is also present in the picture lessening Yahoo’s market share in selling online graphical and video ads.
The company has enough reasons to erase Bartz in the picture. These would include a 33% drop in the number of minutes that U.S. website visitors spend on Yahoo sites per month and its stock price remained in a flat line.