Feeds

Yahoo! 'f**ked me over'! says! Carol! Bartz!

May have to put $10m in Purple Palace swear-box

Next gen security for virtualised datacentres

Breaking up is hard to do for recently fired Yahoo! boss Carol Bartz, who learned she had been sacked via a telephone call from the company's chairman Roy Bostock.

It could have been worse: instead of being paid $10m to leave quietly after failing to fix Yahoo!'s ailing business, the firm could easily have dumped Bartz via a text message, for example.

But she took the news very badly, unleashed some swears in an interview with Fortune and now appears to have lost that $10m settlement, because it had a non-disparagement clause. Ouch.

When Bostock called Bartz – who was hired by the firm in January 2009 – to tell her she was out, he began reading a prepared lawyer's statement.

"Why don't you have the balls to tell me yourself?" she asked him.

She told Bostock that she thought he was "classier". Bartz went on to claim that the Yahoo! board "fucked me over".

The sacked CEO said the board wanted revenue growth, even though Bartz had told Yahoo! not to expect such a turnaround on sales until 2012 at the earliest.

She claimed that a search deal struck with Microsoft during her tenure would eventually help long-term growth at Yahoo!

Over the past few quarters she has blamed MS for putting a dent in Yahoo!'s revenue.

Apparently the board ran out of patience with Bartz.

She told Fortune that Yahoo!'s decision – under then CEO Jerry Yang – to turn down a buyout bid from Microsoft in 2008 had damaged the board's reputation.

"The board was so spooked by being cast as the worst board in the country," she said. "Now they're trying to show that they're not the doofuses that they are."

And, according to this story – which cites sources close to Yahoo! – that comment may just have cost Bartz $10m for violating the terms of the agreement in her employment contract. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?