Yahoo boss must go Bartz
The Internet company Yahoo is looking for a new boss. The former group arbiter of Carol Bartz has left the company under pressure from the board. Until
further notice, Chief Financial Officer Timothy Morse takes over the
helm, as Yahoo announced late on Tuesday in Sunnyvale, California.
Bartz was moved to Yahoo in early 2009 to the top. In their time the cooperation is with the software giant Microsoft in Internet search. Despite the strong partner to do difficult to Yahoo, to compete against larger rival Google. With the social networking site Facebook yet another opponent in battle has emerged about the advertising money.
Investors cheered the decision of the Board, which came without warning. Splits the battered paper rose by more than 6 percent. She
even learned of their expulsion by phone, Bartz said in a farewell
message to their employees, who published the blog "All Things Digital."
Board-CEO Roy Bostock pointed to a realignment of the Internet Group. The Board has initiated a review of strategic alignment, Bostock said. The possibilities for the future growth of Yahoo would be explored. In parallel, the search for a permanent CEO is running.
Bartz has since deleted her office while hundreds of sites, thereby reducing costs significantly. But Yahoo lost further ground against Google, while revenues declined. Last of all the important business faltered with graphical ads. Here these banners are actually the hobbyhorse of Yahoo.
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