Money & Company

Tracking the market and economic trends
that shape your finances.

« Previous Post | Money & Company Home | Next Post »

Carol Bartz resigns from Yahoo board

September 11, 2011 |  2:22 pm












Carol Bartz, the former chief executive of Yahoo, has resigned from its board of directors shortly after lashing out at the other members, calling them "doofuses."

Bartz was fired last week as CEO of the Sunnyvale-based Internet company by Yahoo Chairman Roy Bostock. A few days later, she blasted the board in an interview, saying its members had been impatient to see revenue growth that she didn't expect for at least another year.

The company's chief financial officer, Tim Morse, has been named interim chief executive.  Bartz' career in Silicon Valley included 14 years running software design firm Autodesk. She was hired in January 2009 to head the struggling Internet giant.

Bartz' resignation as a director was confirmed Sunday when a spokesman for the board sent an e-mail saying: "On Sept. 9, 2011, Carol Bartz resigned from the Board of Directors of Yahoo! Inc. effective immediately."

-- Hugo Martin

Photo: Carol Bartz speaks at an American Assn. of Advertising Agencies conference in San Francisco in March 2010. Credit: Robert Galbraith / Reuters