Yahoo's Bartz departs (week in review)

Carol Bartz is fired from her post as Yahoo CEO but doesn't leave quietly. Also, Sprint files suit against AT&T's merger with T-Mobile and the iPhone 5 remains very elusive.

Carol Bartz was fired this week from her job as Yahoo CEO, but she didn't leave quietly.

In a note sent to Yahoo employees Tuesday, Bartz said the company's board had fired her . "I am very sad to tell you that I've just been fired over the phone by Yahoo's chairman of the board," Bartz wrote. "It has been my pleasure to work with all of you and I wish you only the best going forward."

In her first interview after the firing, however, she was a little less diplomatic . "These people fucked me over," Bartz told Fortune.

Bartz, who in the interim has been replaced by Chief Financial Officer Tim Morse, will receive a severance package topping $10 million , according to regulatory filings. When she took over the CEO role from co-founder Jerry Yang in January 2009, the company was struggling to become more competitive and profitable. One of her first tasks as CEO was a reorganization of Yahoo in an attempt to make the Internet pioneer faster, simpler, and more responsive to those who use its services. But under her leadership Yahoo has continued to founder , never regaining the ground it lost to Web leader Google.

Some, however, believe that the board of directors is to blame for the Bartz flameout and other company failures, and that Bartz was set up to fail. One major Yahoo shareholder wants to see a whole new board of directors at the company.

Others add that, with Bartz out, the time to start selling the company , in pieces or in total, is now.


•  Yahoo's ad challenges: Social, mobile, operational
•  Yahoo's post-Bartz ledger: What new CEO will inherit
•  Yahoo, Bartz part ways (roundup)

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