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Confirmed: Yahoo’s Board Picks Carol Bartz For CEO

Update: It’s official: Carol Bartz as CEO is in and Sue Decker is out. More to come.

Original story: The Wall Street Journal is reporting that Carol Bartz has been picked by Yahoo’s board of directors to succeed Jerry Yang as CEO and that she has accepted the job. Bartz, executive chairman and former CEO of Autodesk, first emerged as a candidate last week, some two months into the search. A Yahoo (NSDQ: YHOO) spokesman said he could not comment on whether an announcement is due today.

Update: Bartz wasn’t on anyone’s public short list last November when Yahoo cofounder and CEO Jerry Yang, who was under pressure from the minute he took the post from former chairman and CEO Terry Semel, announced his decision to step down. The last time Yahoo plucked a CEO from the outside, the board went with seasoned entertainment vet Semel — a sign of its interest in media and entertainment, This time, the choice seems to be a Silicon Valley insider but it may not signal anything more than a belief that she has the right management experience, public company background and style mixed with industry know-how to steer a very troubled company that should be more successful than it is. Yahoo does a lot of things right but none of that matters as long as the image is of a company that is flailing.

Then there’s the issue of other top management: while Yang promises to step back, it looks like Sue Decker may well stay on as president. If that is the case, Decker will have survived two CEO changes despite being directly tied to many of the company’s perceived or real failures.

Meanwhile, Yahoo’s stock is trading down by about 1.3 percent as the market heads to a close. Kara Swisher, who first reported Bartz as a candidate last week, reports that her sources say Bartz has been approved for the job and has accepted it. From Kara: “One thing is sure: Bartz does know tech, unlike former CEO Terry Semel. And she also knows how to run a company like clockwork, unlike outgoing CEO Jerry Yang, who

6 Responses to “Confirmed: Yahoo’s Board Picks Carol Bartz For CEO”

  1. please see below noted text for the information you require


    Yahoo’s problem is, they don’t have 12 other co-brands to fall back on like GM????

    Please…. turn off the CHAT or send me instructions on how to REMOVE the application myself.

    I have been getting inappropriate and harassing pop ups from your NEW chat application that auto installed into my 10 year old email account. I don’t want ANY THING to do with your CHAT application. It sucks and I want it off/out of my mail application. You should have your executive level bean counters read this -so they come to understand that jamming these rinky dink applications up someone’s AS& wont fix the companies bottom line. In fact I would bet Big dollars you will cause millions of people who did get to use yahoo at work to be locked out because of the security issues and their related concerns.

    I remember years ago when YAHOO started charging for their free POP3 email service that they had given away -from day one. This bean counter plan opened the door for EVERY OTHER COMPETITOR to steal yahoos customer base. Its not the $25 dollars a year -its the point that you started charging your existing loyal customers for something you said would be free… dumb move.

    I remember when you guys started killing old un-logged email accounts. WOW what a poor implementation that was. OK -if you don’t know what I’m talking about, I’ll tell you about it. It went like this … you logged on to an old email account you haven’t used for a long time. -Then you get this wonderful little message informing you that you have not logged on in a long time –duhhh, but NOWHERE WAS IT (OR IS IT NOW) CLEAR THAT IF YOU DON’T BUY THE PREMIUM EMAIL SERVICE RIGHT THEN AND THEIR (at the initial login) ALL YOUR EMAILS WILL BE LOST FOREVER. I mean if you had let the person log-in and see they had to pay for the premium service to get their emails they WOULD HAVE PAID, BUT, BECAUSE YOUR IMPLEMENTATION WAS SOOOOO SUCKY –THERE WAS NO HEADS UP YOU WOULD LOOSE ALL YOUR EMAILS AND AN OPTION TO RECOVER THE EMAILS AFTER YOU LOGGED IN TO THE STANDARD ACCOUNT WAS NEVER MADE AVAILABLE. SO ALL THE PERSONS EMAILS WERE LOST FOREVER AND EVER AND EVER. WoW I would have paid you guys $500 ( five hundred dollars) to get my KIDS pictures back) -but NO, YOUR LAMES IMPLEMENTATION DIDN’T ALLOW FOR RECOVER –IN FACT THAT’S WHAT LED ME TO SEE HOW BAD YOUR CUSTOMER SERVICE IS –THERE WAS NO ONE TO FIX IT. YOU GUYS ARE RUNNING ON AUTOMATIC WITH NO CUSTOMER SERVICE SUPPORT AT ALL. THAT’S WHY IM BITCHING HERE in an auto response abuse form AND NOT TO SOMEONE IN THE CUSTOMER SERVICE DEPARTMENT.

    I BET this email won’t get passed on OR read —nor will anything get done about my original problem or any of the things I mentioned above. Tell me? How does Google give everything away for free and their stock is $340.57 per share and yahoo is barely closing above $12.

    SO IF YOU ARE WONDERING WHY YOUR YAHOO STOCK IS IN THE CAN (SHI77ER) ITS BECAUSE YOU CANT GET IT RIGHT –and YOU CANT FIX IT WHEN ITS WRONG BECAUSE YOU DON’T HEAR IT, SEE IT, FEEL IT -OR TASTE IT and THATS WHAT IS WRONG WITH yahoo. Don’t waste my time with an auto response –it’s so 1999, and it’s an embarrassment for a well funded -well run company to use Southwest Asia call centers.

    AND LASTLY –if there could be such a thing –I read a little about Ms. Carol Bartz compensation package in yahoos 1/13/09 SEC 8-K. –and its clear… The demise of yahoo will be because of their board of directors –they’re all stupid greeDY dinosaurs.


    I’m retired but if you want someone to come in and fix all the stupid non-sense going on over there -just drop me an email and we‘ll talk. –I’ll do it for free!!


    Ps I don’t think CAPital Characters suggest yelling –but if you care that much… you can kiss my ass, cause its 1:39 in the morning and I took 9 minutes out of my life I will NEVER get back to write you so I can sleep better tonight.

    now where can I find Ms. Bartz email address ….hmmm

  2. [quote]In taking command of Yahoo, Ms. Bartz "would be a very tough CEO,'' said a high-tech recruiter who knows her well. But "that's what Yahoo needs. They need operational excellence" plus a visionary leader, he continued. "She brings both.'[/quote]

    Makes me wonder as to why the stock went down 2% and if it had anything to do with this news.

    Interesting to see if she will get appointed and how she will do.

    I for one like Yahoo for what they bring to the net so, I hope she'll do fine.