After the board of director's decided to fire Carol Bartz(left) the board decided to put Yahoo! on sale. Well technically they didn't come right out and say we want to sell the company they did say that yahoo is ready for sale to the right bidder. I guess they did put a "on sale" sign after all. Now, it will be interesting to see if Microsoft is willing to bid again to buy Yahoo!. If you remember Yahoo tried to see itself before as well and Microsoft was ready to shell out $44.6 billion.
It seems that yahoo has lost its way. It has forgotten its core competencies and its strengths and have tried to spread itself too thin by trying to expand into various markets. They have tried to take on being a search engine, news source, they are into social media etc. I guess the board didn't think getting a new CEO will help the company at all. Well since websites such as FaceBook and Twitter has taken away the social game and Google dominating the search engines and E-mail services like a tyrant king, there wasn't much left of the plate for Yahoo! I guess we won't be Yahooing anymore.
UPDATE: Well apparently Carol Bartz is getting an awesome deal out of this. She is getting around $10 million compensation for getting fired without just cause. That includes Yahoo shares so if in future the share value goes up she will make even more, not bad for the ex-CEO who got fired over the phone.
UPDATE: Well apparently Carol Bartz is getting an awesome deal out of this. She is getting around $10 million compensation for getting fired without just cause. That includes Yahoo shares so if in future the share value goes up she will make even more, not bad for the ex-CEO who got fired over the phone.
