Yahoo Expels CEO Carol Bartz

Yahoo Expels CEO Carol BartzMr. Carol Bartz was fired from the post of Chief Executive of Yahoo Inc. over performance issues, and for not being able to give better results to the web company.

The decision was taken on 11the hours and he was informed about his expel over phone. Sources near to Mr. Carol revealed that he was not expecting such move.

Now, it is said that the new CEO will be entitled to keep certain things in mind. Firstly, he should not give up his stake in Alibaba Group Holding Ltd without a fair deal. One of the Yahoo investor’s said that company is not running out of money, so he should not take any decision which could prove to be taxing for them.

The major threat would be that Yahoo would lose a share in Alibaba’s Taobao, which is China’s largest online shopping website. Though Alibaba is trying to get back its shares which have been kept by yahoo, which is its largest share holder, the expulsion of CEO made situation worse rather than soothing out.

For now, Yahoo has 11.45 dollar a share in Alibaba, and it’s been long time or to put in exact amount than Yahoo bought shares in 2005 and from that time, it has increased share by 0.3%.