Yahoo’s Stock Jumps Following Firing of CEO Carol Bartz

Investors welcomed news of Yahoo CEO Carol Bartz’s firingenthusiastically in after-hours trading on Tuesday evening, with shares of the company finishing the session up more than 6% to $13.72 per share.

As we noted earlier today, Bartz’s tenure ended abruptly this afternoon when Yahoo Chairman Roy Bostock informed her (via phone) that she was being terminated, a move that Bartz was able to share with the entire company via an email sent from her iPad.

Yahoo has named its CFO Tim Morse as interim CEO and appointed an “executive leadership council” to help fill the void as the company searches for a permanent leader.

The jump in Yahoo shares on Tuesday is nearly equal to the small gain the company has eked out since Bartz took over in January 2009.

About Abdul Rahman Alieh

I use this space to share interesting videos and snippets from articles and books I come across. I hope you find this blog interesting. Can't wait to read your comments! Abdul Rahman

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