Wednesday, September 7, 2011

Yahoo fires CEO....

Yahoo Inc. (YHOO). The company 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. CFO 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 (GOOG) and Facebook.

Here is the long term chart on Yahoo going back to 2003:
 

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