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Banking related general awareness -- Yahoo - change of CEO

Carol Bartz , who was brought on Yahoo Inc. board two years ago as CEO to turn around the company's troubled fortunes was fired on Tuesday over the phone. The company named its chief financial officer Tim Morse as interim chief executive.

Under a "leadership reorganisation" move, the California-based company announced that its board of directors has appointed Morse as interim CEO with immediate effect, replacing Bartz, "who has been removed by the board from her role" as CEO.

Morse would continue to shoulder the responsibilities of his current role as Yahoo chief financial officer.

source: http://businesstoday.intoday.in/story/yahoo-ceo-carol-bartz-fired-over-phone/1/18482.html?source=BT070911

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