Yahoo Board to Shareholders, “We have no idea WHAT we’re doing!”

Today’s business headlines are positively screaming with the news that the Yahoo board of directors fired CEO Carol Bartz over the phone yesterday. It doesn’t really matter whether Bartz deserved to get fired or not. She’d been there two years and Yahoo stock is still in the basement, which is what she was hired to fix. Live by the sword, die by the sword.  But by firing her like this the board shows that A. They don’t treat outgoing CEOs with a lot of respect (which isn’t going to help to recruit a capable replacement), B. They don’t plan ahead, because they could have just as easily done this in person, C. They still don’t have a substantial plan for the company since they fired her without a replacement.


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