Feeds

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

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

5 things you didn’t know about cloud backup

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
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
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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?