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Carol Bartz Resigns From Yahoo's Board of Directors

Carol Bartz Resigns From Yahoo's Board of Directors

Carol Bartz has announced her official resignation as Director to Yahoo! Inc's board, according to a Bloomberg report.

Bartz was fired from her CEO seat by Chairman Roy Bostock last Tuesday. This unprecedented ouster also prompted Bartz to accuse Yahoo's board of mistreatment, as mentioned during a Fortune magazine interview. Her indignation was apparent when she referred to board members as "doofuses", and to quote her, "they f---ed me over". After which, she mentioned she will be staying on as Director despite losing her CEO seat.

Following her departure as CEO, Yahoo's stock rose 4 cents to $14.48 on the Nasdaq Stock Market before the markets closed last Friday. Bartz has since stepped down as Director on September 9th.

Source: Bloomberg

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