Bartz bids adieu to Yahoo board
The ousted Yahoo chief resigns from the company's board three days after her firing, The Wall Street Journal reports.
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Recently fired Yahoo CEO Carol Bartz has resigned from the company's board.
The move was made Friday, three days after she was sacked by that same board, The Wall Street Journal reports, citing an unnamed source.
At the time of Bartz's ouster, the board gave no reason for its decision, but Yahoo had been performing in a lackluster fashion for some time, and Bartz's 30 months or so at the helm had done little to change that.
In an interview with Fortune magazine following the firing, the notoriously colorful Bartz gave her own reasons, saying the board was under huge pressure to increase revenue, especially since it had rejected a $44.6 billion buyout offer from Microsoft in 2008, a year before Bartz was hired.
"The board was so spooked by being cast as the worst board in the country," Bartz told Fortune. "Now they're trying to show that they're not the doofuses that they are." In the same interview, she said, "these people fucked me over."
Fortune reported subsequently that Bartz's contract had included a nondisparagement clause and that as a result of her comments in the interview, she might have forfeited $10 million. Today's Journal report, however, cites a compensation consultant in saying that there's no sign Yahoo will try to act on the clause.