Ex-Yahoo Bartz unleashes on directors

By
Follow google news

Could cost her termination fees.

Dumped Yahoo CEO Carol Bartz has branded the search firm's directors as "doofuses" in an interview that could see her forfeit up to $10 million in termination fees.

Ex-Yahoo Bartz unleashes on directors
Carol Bartz.

Bartz told Fortune Magazine in an exclusive interview that the board "f---ed me over" when it fired her by phone this week.

She accused chairman Roy Bostock of reading her dismissal statement from a legal script.

Bartz also said Yahoo's directors showed a lack of patience in her effort to turn its fortunes around, caused in part by the criticism levelled at the company in 2008 after it emerged that directors had turned down a lucrative takeover bid by Microsoft.

"The board was so spooked by being cast as the worst board in the country," Bartz told Fortune.

"Now they're trying to show that they're not the doofuses that they are."

A CNN report said that the comments put her termination payments at risk.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © iTnews.com.au . All rights reserved.
Tags:

Most Read Articles

Bureau of Meteorology's VMware bill more than doubles

Bureau of Meteorology's VMware bill more than doubles

AEC tasks Accenture with $30m election donation system

AEC tasks Accenture with $30m election donation system

Services Australia to document 40 years of business rules in core ISIS system

Services Australia to document 40 years of business rules in core ISIS system

Gov faces Senate wrath over social media ban secrecy

Gov faces Senate wrath over social media ban secrecy

Log In

  |  Forgot your password?