Carol Bartz Yahoo CEO Nearly 3 Years

Carol Bartz Yahoo CEO Nearly 3 Years, Carol Ann Bartz (born August 29, 1948) is an American business executive, the former president and CEO of the Internet services company Yahoo!, and former chairman, president, and CEO at architectural and engineering design software company Autodesk.

Bartz was born in Winona, Minnesota. Her mother, Shirley Bartz, died when Carol was eight years old. A few years later, she and her younger brother Jim moved from Minnesota to the home of their grandmother, Alice Schwartz, on a dairy farm near Alma, Wisconsin. In high school, Bartz did well in mathematics, and was also homecoming queen. She began college at William Woods University in Fulton, Missouri, and subsequently transferred to the University of Wisconsin-Madison where she received a bachelor’s degree in computer science in 1971. While in college, she supported herself as a cocktail waitress. Carol Bartz also has two half brothers and two half sisters all living in Wisconsin and Minnesota.

Bartz was also awarded an Honorary Doctorate of Humane Letters degree (2002) from New Jersey Institute of Technology, an Honorary Doctor of Science degree from Worcester Polytechnic Institute and an honorary Doctor of Letters degree from William Woods University.

On January 13, 2009, Bartz was named CEO of Yahoo!, the internet services company which operates the fourth most-visited Web domain name in the world, succeeding co-founder Jerry Yang. During a conference call with financial analysts later in January 2009, she announced her intention to make sure Yahoo! got “some friggin’ breathing room” so the company could “kick some butt.” Rob Hof of Business Week was skeptical that Bartz or anyone else could save the company: “… it’s not yet clear if Bartz can turn Yahoo around no matter how good she may be.”

In May 2009, Reuters reported that she had already “worked through an impressive checklist” at her new company, “upending the organizational structure, replacing executives and cutting costs, including 675 jobs, or 5 percent of the workforce.” Analysts described her efforts as precisely what the company required, but, as reporter Alexei Oreskovic observed:

For Yahoo’s ranks, still shell-shocked from deep cuts in 2008 – including 1,600 axed jobs – the hope that Bartz brings is increasingly mixed with a dose of fear and uncertainty. Yet broad support remains for Bartz despite the tough talk, canceled holiday parties and forced vacations that have come to define her era.

With a new round of job layoffs and the removal of a number of Yahoo! sites, “anxiety within the ranks has been exacerbated by what some say is a growing sense of secrecy”, for which Bartz has a notable reputation: “The informal flow of information once common within the company has come to a halt.” Bartz was also quoted to have said that she would “drop-kick to fucking Mars” employees who leak to the press. Oreskovic quoted a fearful anonymous insider: “We are all sort of wanting to believe in her because we really want to see Yahoo! turned around, but it still doesn’t make it any less scary when you don’t hear about what’s coming up. Everything is on a need-to-know basis.”

At her one year mark at Yahoo in January 2010, Bartz gave herself a “B-” grade for the job done in 2009: “It was a little tougher internally than I think I had anticipated. I did move fast, but this is a big job.” Others in the media, however, rated her job higher given the challenges she had to manage.

When Bartz was hired by Yahoo in early 2009 she was paid an annual base salary of $1 million. She was eligible for an annual 400% bonus and received 5,000,000 shares in addition to an equity grant of $18 million of stock (to compensate for the forfeiture of the value of equity grants and post-employment medical coverage from her previous employer). In 2010 Bartz was named “most overpaid” CEO by proxy voting firm Glass-Lewis when she received $47.2 million in compensation.

On September 6, 2011, Bartz was removed from her position at Yahoo! (via phone call), and CFO Tim Morse was named as Interim CEO of the company. Bartz expressed her desire to remain on the Board of Directors. However, on September 9, 2011, Bartz resigned from the company’s Board of Directors. on January 4, 2012, Yahoo announced that she would be replaced by Scott Thompson.

Yahoo States Leadership Reorganization In Firing Of Bartz

Yahoo States Leadership Reorganization In Firing Of Bartz, Yahoo has just released a statement titled ‘Yahoo! Announces Leadership Reorganization’. This follows the firing of Carol Bartz from her position as CEO, which she had held since January 2009.

According to AllThingsD, Carol Bartz has announced her departure from Yahoo. At the start of today she was the company’s CEO. Not anymore.

AllThingsD managed to get hold of an email from Bartz, sent to Yahoo staff, in which she said she had been fired.

She wrote:

“I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward.” She had been with the online media company since January 2009.

CFO Tim Morse has taken on the role of CEO in the meantime.

According to reports, Morse informed senior staff at Yahoo on Tuesday afternoon that Bartz was no longer with the company and that the hunt was on for a permanent CEO.

Yahoo has just released a statement titled: “Yahoo! Announces Leadership Reorganization”.

The statement begins by confirming the news of Bartz’s departure: “Yahoo! Inc., the premier digital media company, today announced a leadership reorganization under which the Board of Directors has appointed Timothy Morse interim Chief Executive Officer, effective immediately, replacing Carol Bartz, who has been removed by the Board from her role as Chief Executive Officer.”

It also reports comments made by chairman of the Yahoo board, Roy Bostock: “On behalf of the entire Board, I want to thank Carol for her service to Yahoo! during a critical time of transition in the Company’s history, and against a very challenging macro-economic backdrop.”

Bostock continues: “I would also like to express the Board’s appreciation to Tim and thank him for accepting this important role. We have great confidence in his abilities and in those of the other executives who have been named to the Executive Leadership Council.”

Bartz was brought in to put Yahoo back on track after several years in the doldrums. However, the company continues to struggle, and board members and investors have decided it’s time for a change.

Golden Village Movies

Golden Village Movies, Golden Village (GV ) is set to open its latest cineplex at City Square mall by the end of this year. City Developments (CDL), which owns and manages the mall, announced today that it has added Golden Village (GV) as an anchor tenant.

With construction already in progress, GV City Square will be located on Level 5 of the shopping centre, which is located near Farrer Park MRT station along the North-East line.

Boasting six halls with a total seating capacity of more than 1,000 patrons, the cinemas will be equipped with digital projection and sound.

A spokesperson from City Square Mall said, “The addition of a cinema allows us to offer more entertainment options and we are confident that GV City Square will definitely be a draw for mall visitors to enjoy the latest blockbusters.”

In anticipation its latest installation, the mall has organised a contest titled “Are You a Movie Buff?” where shoppers can test their movie trivia.

Popular movie phrases are printed on the hoarding outside the cineplex. Visitors to the mall can try to guess the movies the phrases originate from.

The top 10 entries with the most number of correct answers will win $100 shopping vouchers each.

Cliff Lee

Cliff Lee, (AP) – The Texas Rangers manager Ron Washington had a premonition about Cliff Lee. “Let him be here,” he said Saturday. The Rangers and the Yankees are awaiting a decision on offering the 32-year-old left-hander will accept. They are the two known bidders for the pitcher and 100 million more, although there may be others. “I think everything that needs to be done was done. … We just have to wait,” said Washington. The Yankees offered Lee a seven-year contract Thursday after having made a proposal to open six years to 137.5 million from $ $ 140 million. Ranger’s owner Chuck Greenberg went to Arkansas on Thursday to personally present Lee with multiple offers. “They had a good visit, and now we expect a certain type of decision,” he said Saturday in Washington at a luncheon where he was inducted into the Texas Black Sports Hall of Fame. Washington has not had conversations with Lee and did not think anything is needed. He knows the outcome is crucial for the Rangers and Yankees. “It would be great just because you have a No. 1 starter,” said Washington. “Since we had for 2 ½ months, we know what he brings. We would like to see that in the long run a full season. Once again, he returned to wait over Cliff Lee and his family, and they must decide what to do. It is difficult to speculate because you do not know. I told you what my stomach said. ”

The decision might not come until Monday or later in the week. “I can wait until they decide what they want,” said Washington. “When a decision is, it will be yes or no. There’s nothing more you can do subject. I have no idea when he will make a decision. I do not think he should do one until the opening day of spring training. ”

Copyright © 2010 the Associated Press. All rights reserved.

Pinellas County Jail

Pinellas County Jail, One day after his wife was found driving a stolen Ford F-250 pickup, the owner of a salvage yard has been arrested, he was operating a chop shop, police said.

Scott Sands, 32, of Clearwater, was arrested Tuesday on charges of operating a chop shop, grand theft of a motor vehicle, on fraud and stolen property ownership certificate, the documents show prison.

In addition, 10 vehicles were confiscated from his company, Independent Salvage, 3101 Emerson Ave. S., said the spokesman of the police in St. Petersburg Mike Puetz.

Woman in the Dunes “, Patricia, was arrested by members of the Pinellas County Sheriff Monday. Deputies checked the vehicle identification number and discovered the truck was stolen Nov. 20 in Saint Petersburg, Puetz said. Scott Sands had bought for $ 275.

This afternoon, detectives went to work sands recovery “and found its staff cut a 1990 Lexus LS 400 in four pieces, Puetz said. The Lexus was reported stolen Oct. 25.

Detectives also found a 2005 Ford F-450 was reported stolen March 20, Puetz said. The truck had independent Salvage painted on both doors.

As part of Operation Chop Shop, Sands created fraudulent certificates of destruction, Puetz said.

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