Feeds

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

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

The Essential Guide to IT Transformation

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. ®

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
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.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.