Wednesday, January 21, 2009

Yahoo's Carol Bartz as New CEO

Yahoo is out with its new CEO name. Finally!

The new CEO of this second biggest search engine company is the former Chairman and CEO of the Autodesk Inc. She is Carol Bartz, a Silicon Valley expert with a good reputation as a manager.

But shares of Yahoo fell 3.6 percent after Yahoo announced Bartz as its new CEO.

However analysts say that, Carol might not be interested in selling Yahoo’s search business to Microsoft. This was the same dispute which led Yang Jerry, the co founder of Yahoo to resign from his CEO position. Yang has angered many stock holders by rejecting the $47.5 million takeover bid by Microsoft and planned an unsuccessful partnership with Google. This resulted in Yahoo’s stocks to slide, for which Yang owned the responsibility and stepped down as the CEO.

Carol Bartz has done her Bachelor degree in Computer Science from Wisconsin University.

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