Yahoo fires Bartz as CEO, names CFO to fill void

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SAN FRANCISCO — Yahoo Inc. fired Carol Bartz as CEO Tuesday after more than 2½ years of financial lethargy that had convinced investors that she couldn't steer the Internet company to a long-promised turnaround.

To fill the void, Yahoo's board named Tim Morse, its chief financial officer, as interim CEO. Bartz lured Morse away from computer chip maker Altera Corp. two years ago to help her cuts costs. Yahoo, based in Sunnyvale, Calif., said it is looking for a permanent replacement.

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Neil Irwin 07 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=ce37133113e593c46ce90f24763fa441
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