Skip to comments.Fired Yahoo CEO could lose $10million over her F-bomb rant at board of directors
Posted on 09/09/2011 3:32:40 PM PDT by SanFranDan
Fired former Yahoo CEO Carol Bartz could lose $10 million for violating a non-disparagement clause when she raged that the company's board members 'f***ed me over.'
Miss Bartz, in an interview with Fortune after her Tuesday firing by phone, also said the board was 'trying to show that they're not the doofuses that they are.' However, according to Fortune, her contract with Yahoo contained a clause barring her from criticizing the internet company.
A source told the magazine that Bartz could lose $10 million over her pointed comments.
That clause, if violated, could allow Yahoo to cancel a $10 million payout, due if she was sacked.
Miss Bartz made the call to the influential business magazine from Silicon Valley as reporters waited outside to report the news of her departure.
She said she was in New York on Tuesday to speak at Citigroup's technology conference on the following day. And she revealed that she was scheduled to call Mr Bostock at 6pm but when she did he promptly started to read a lawyer's prepared statement dismissing her. Miss Bartz told Fortune: 'I said "Roy, I think that's a script. Why don't you have the balls to tell me yourself?"'
She went on to explain that the by the end of the call she merely replied: 'I got it. I got it' as he finished reading the dismissal notice.
She told the magazine she had told her former boss: 'I thought you were classier.'
(Excerpt) Read more at dailymail.co.uk ...
If I lost a $10 million dollar seperation package because of some BS non-disparagement clause, every executive who had a role in dismissing me better be looking over their shoulders for the rest of their short-assed lives.
she was in over her head,
like carly fiorina at hp.
Very small fiddle.
Carol Bartz, 2011
- Fired former Yahoo CEO Carol Bartz could lose $10 million for violating a non-disparagement clause when she raged that the company’s board members ‘f***ed me over.’
Seriously, that’s the same woman?
Whadda buncha yahoos.
No sympathy here. It was a "BS non-disparagement clause" to which she agreed in a contract. If the company chooses to exercise that clause, she brought it on herself with her own stupidity.
Maybe they could hire somebody who could make them a stable, reliable, usable email system.
Thats what a good photographer can do for you.
There’s an awful lot of technique and technology applied to making “women of a certain age” look better.
I understand, but it’s irrelevant: Those people would live in fear.
Been there, done that, got the T-shirt.
WOW, just wow.
didn’t jerry wang turn down $35 billion from microsoft?
i bet yahoo regrets that now.
they’re going down the toilet.
Hmmmmmmm........losing 10 million for calling someone ELSE a doofus.
Personally, I think firing someone by phone is poor. Have the decency to do it in person.
If you signed a non-disparagement clause and then violated it you are the one in the wrong. I hope they keep the 10 mil and anything else they can.
You’re an idiot. You threaten someone over a contract you willingly signed and then willingly violated.
I’d watch for ya and put a .45 in your forehead and feed the remains to the hogs.