Feeds

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

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

3 Big data security analytics techniques

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. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.