• Motorburn
      Because cars are gadgets
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Ventureburn
      Startup news for emerging markets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

Despite her wishes, Carol Bartz leaves ‘doofus’ filled Yahoo! board

After having called the rest of the board “doofuses”, colourful ex-Yahoo! CEO Carol Bartz has tendered her resignation from the Yahoo! board. This is according to papers filed to the US Securities and Exchange Commission (SEC).

Though Bartz had been fired as CEO, she still held a seat on the Yahoo! board and in her explosive interview with Fortune Bartz had stated her wishes to remain on the Yahoo! board, saying, “I want to make sure that the employees don’t believe that I’ve abandoned them. I would never abandon them”.

Despite these wishes, however, in a filing to the SEC, Yahoo! announced Bartz’s resignation from the Yahoo! board of directors.

The filing by Yahoo! stated that Bartz had tendered her resignation from the board a day after the interview with Fortune was published.

Beyond stating her wishes to remain on the board of directors, Bartz spoke fervently on a number of the issues she had with Yahoo! in the Fortune interview.

Bartz explained what had happened in the lead up to her getting fired over the phone by board Chairman Roy Bostock. She also detailed how she had asked Bostock why he didn’t “have the balls to tell me yourself,” rather than relying on a lawyer’s prepared statements.

Memorably, Bartz also said that Yahoo! had “f*cked” her over.

In the interview, Bartz went on to refer to the rest of the board of directors as “doofuses” saying, “The board was so spooked by being cast as the worst board in the country. [in the wake of turning down Microsoft’s US$47-billion takeover bid prior to Bartz joining Yahoo!] now they’re trying to show that they’re not the doofuses that they are”.

It has been reported that the decision to refer to the board as “doofuses” may have resulted in Bartz losing US$10-million as a result of her breaking a non-disparagement clause in her contract.

In the wake of Bartz’s ejection from the leadership of Yahoo!, business news agency Bloomberg has revealed that AOL and Yahoo! may be in early merger talks.

With Bartz gone, the Wall Street Journal reported that investor anger at the of the internet company’s failure to grow has now shifted to Bostock.

Author | Mvelase Peppetta

Mvelase Peppetta
Mvelase is a Senior Account Manager at Irvine Bartlett one of the most sought after full service public relations companies in South Africa. Mvelase is passionate about all things digital and the social media landscape, particularly as it relates to the integration of digital public relations management within the traditional... More
  • Rr

    The writer is the dufus for not knowing how to spell it.

  • Slightwarp

    Too bad the Ipad’s have that awful 4:3 aspect ratio. Like an old TV. You lose 25% of the picture getting rid of the retina-ready black bars when watching a movie. EPIC FAIL

  • N P C

    I Love my beast !! you know Asus Transformer Prime TF 201

  • Brylewicz

    Great review! Alot off sites exaggerate the little things, but forget to mention the good things about the phone. Price, screen, style, etc. There is so much hype surrounding iPhone screen res, but when Sony beat it with res and ppi they hardly mention it alot of people by that I mean almost everyone still think their iPhone screen is unbeatable, xperia s sells for half the PRICE! And hardw
    are wise this beats the iPhone 4s softwarewise depends wherever u prefer android or ios
    But bottom line is this phone deserves the same praise that iPhone got, but yet?
    but xperia s

More in News

AOL names new TechCrunch editor

Read More »