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And so it begins. After Yahoo this week gave CEO Carol Bartz the axe, the stock rallied on the suspicion on the Street that the company almost certainly has now been put into play, and might not last very long with its current corporate structure.
The sudden ouster of Yahoo CEO Carol Bartz wasn't triggered by one specific factor, but rather because Ms. Bartz wasn't reaching a series of performance targets.
Yahoo Inc said on Tuesday it has removed CEO Carol Bartz and replaced her on an interim basis with Chief Financial Officer Tim Morse, ending a rocky two-year run marked by stagnating growth and a bitter rift with Chinese partner Alibaba.
Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move at the technology giant he co-founded in a garage.
News Corp is considering promoting Chief Operating Officer Chase Carey to the position of CEO to succeed Rupert Murdoch, who would remain as chairman, Bloomberg reported on Monday.