JOBSEARCH: Fired by phone

Yahoo CEO Bartz fired over the phone, rocky run ends
By Alexei Oreskovic and Edwin Chan
SAN FRANCISCO | Wed Sep 7, 2011 10:44am EDT

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(Reuters) – Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba.

Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search for a permanent leader to spearhead a battle in online advertising and content with rivals Google Inc and Facebook.

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By phone!

That’s low class.

But this should be a lesson to EVERY employee, it could be you.

You have be the CEO of your own biz and have multiple income streams.

It brings back on of my favorite lessons:

“You’re only assured of the last paycheck that you cashed.”

Forget that at your peril.

# – # – # – # – # 2011-Sep-07 @ 11:08

2 Responses to JOBSEARCH: Fired by phone

  1. reinkefj says:

    I’m sure it’s been done — fired by text. Mutli-streams idea comes from Jason Alba of Jibber Jobber fame.

  2. Even lower class would be firing by text message, but I don’t want to give anyone that idea.

    Absolutely agree on the multiple streams.

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