Carol Bartz has been replaced as the President and CEO of Yahoo with Tim Morse who is currently the CFO taking over as the Interim CEO along with his existing role.
Carol was fired over the phone by the Chairman of the Board, Roy Bostock. She was at the helm from January 2009.
This is the note that Bartz sent out her Yahoo colleagues from her iPad.
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.