Thursday, September 8, 2011

Carol Bartz: Yahoo's Board "F***ed Me Over" (BLOG)

Carol Bartz says Yahoo's board of directors "f***ed me over" and intends to remain on the board after being fired as CEO.

Bartz made the statements during a passionate and blunt interview with Fortune. During the interview, she recalls how Yahoo chairman Roy Bostock read from a script when he fired her over the phone.

[More from Mashable: Yahoo Forms “Executive Leadership Council” to Replace Carol Bartz]

"I said, 'Roy, I think that's a script,'" Bartz says. "Why don't you have the balls to tell me yourself?' She adds one more jab, claiming she told Bostock, "I thought you were classier."

In the interview, Bartz blamed the board's impatience and incompetence for Yahoo's steady decline, stemming from its decision to turn down Microsoft's $40+ billion acquisition deal. "The board was so spooked by being cast as the worst board in the country," Bartz says. "Now they're trying to show that they're not the doofuses that they are."

[More from Mashable: Carol Bartz’s Memo to All Employees: I’ve Just Been Fired]

Bartz claims their impatience stopped her from implementing a plan that would have started revenue growth in 2012. "They want revenue growth, even though they were told that we would not have revenue growth until 2012."

Finally, Bartz claims she intends to remain on the board of directors of Yahoo. She wants "to make sure that the employees don't believe that I've abandoned them," adding that she has "way too many purple clothes" to completely abandon the company.

Bartz, however, doesn't get to decide whether she remains on Yahoo's board. That's up to the shareholders. She certainly isn't likely to fine many allies on Yahoo's board of directors.

This story originally published on Mashable here.

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