Carol Bartz was summarily dismissed as Yahoo chief executive after less than three years atop one of the world’s most-visited internet sites amid continuing investor complaints about its sagging stock price, low growth and difficulty with Asian investments.
In a terse e-mail to employees sent late on Tuesday, Ms Bartz said that she had been ousted “over the phone” in a conversation with Roy Bostock, Yahoo chairman, and that she wished remaining employees luck.
Yahoo said in a subsequent press release that the board had named Tim Morse, chief financial officer, as interim chief executive as it seeks a permanent replacement.
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