Carol Bartz

Investor Carl Icahn Resigns from Yahoo's Board

Authored by Mark Hefflinger on October 26, 2009 - 10:47am.

San Francisco - Investor Carl Icahn on Friday resigned his seat on Yahoo's (NASD: YHOO) board of directors, the Associated Press reported.

Microsoft and Yahoo Strike Landmark Search Deal

Authored by Mark Hefflinger on July 29, 2009 - 7:59am.

Sunnyvale, Calif. - Following months of conjecture and negotiations, Internet giants Microsoft (NASD: MSFT) and Yahoo (NASD: YHOO) on Wednesday announced a landmark 10-year search deal that the companies hope will help them take aim at market-leader Google. Under the agreement, expected to close early next year, Microsoft's newly launched Bing search platform will power Internet search on Yahoo's sites, while Yahoo will sell premium search ads for both companies.

Yahoo to Cut 5% of Workforce

Authored by Mark Hefflinger on April 21, 2009 - 11:52am.

Sunnyvale, Calif. - Needing to deal with a 78% drop in first-quarter profits, Yahoo late Tuesday announced plans to cut 5% of its global workforce, or about 680 employees. The company said that it will notify the majority of those affected over the next two weeks, and also plans to implement other cost reductions.

tags: Yahoo | Layoffs | Carol Bartz |

Yahoo CFO to Depart as Part of Organizational Shake-Up

Authored by Mark Hefflinger on February 26, 2009 - 11:20am.

Sunnyvale, Calif. - Yahoo (NASD: YHOO) said on Thursday that CFO Blake Jorgensen will be leaving the company, part of an organizational shakeup spearheaded by newly installed CEO Carol Bartz. Jorgensen, who has been with the company since mid-2007, will continue in his role until a replacement is found. He was a close ally of former president Susan Decker, who left the company earlier this year after getting passed over for the CEO job.

tags: Moves | Yahoo | Carol Bartz |

WSJ: Carol Bartz to be Named New CEO of Yahoo

Authored by Mark Hefflinger on January 13, 2009 - 10:30am.

Sunnyvale, Calif. - Carol Bartz, the former CEO of Autodesk (NASD: ADSK), will be named the new CEO of Yahoo (NASD: YHOO), The Wall Street Journal reported on Tuesday, citing "people familiar with the situation." The news comes nearly two months after Yahoo co-founder Jerry Yang, under fire from investors, announced his plans to resign.