The Treachery of Carol Bartz
Yahoo CEO Carol Bartz just gave the company’s entire search business to Microsoft for a song. Apparently, Bartz is fully aware that the ten-year agreement with Ballmer doesn’t bode well for Yahoo’s future. Just months before making Yahoo commit seppuku, Bartz made $2 million from selling Yahoo stock.
These stock sales all happened within six months of Bartz taking the job. Already Yahoo investors are questioning Bartz’s loyalty. If selling off newly-acquired stock right before eviscerating your company doesn’t stink of disloyalty, I don’t know what does.
Then again, Bartz pretty much betrayed Yahoo’s entire search team and trampled upon their ten-year legacy. Considering the suspicious timing of her stock sales, I wouldn’t put it past her to go ahead and betray the entire company.
(Photo via Yahoo.)