Yahoo fires CEO Carol Bartz

Yahoo Inc. (YHOO-Q14.440.836.10%) 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.

Posted in: Yahoo