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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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.
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