Yahoo issued a statement late Thursday confirming its removal of Carol Bartz after the news was first reported by blog AllThingsD from an email Bartz sent to her former staff at Yahoo. She wrote that the Yahoo’s Chairman of the Board fired her over the phone.
Launch a social media campaign that will build your brand and deliver results in our online Social Media Marketing Boot Camp starting June 7. Speakers include Abigail Cusick (Bravo Digital), Gregory Galant (Sawhorse Media), Alex Leo (Thomson Reuters Digital), Jim Tobin (Ignite Social Media), and many more. Read the reviews. The Captains of Industry lecture series at the 92nd Street Y welcomed Yahoo! CEO Carol Bartz and Bloomberg Businessweek chairman Norman Pearlstine earlier this month, and Bartz spoke about her college years, writing code on an IBM 1620 in 1967, working for 3M (she was fired before starting work due to allegations that she slept with her boss), Groupon’s valuation, employee turnover at Yahoo!, and the lack of probability of a merger between Yahoo! and Aol.
The Web 2.0 Summit, taking place at the Palace Hotel in San Francisco Monday-Wednesday, will offer live coverage for streaming and embedding free-of-charge, the conference’s organizers, O’Reilly Media and UBM TechWeb, announced Monday.
Speakers at the three-day event will include Google CEO Eric Schmidt, The Chernin Group founder Peter Chernin, Facebook CEO Mark Zuckerberg, Yahoo! CEO Carol Bartz, William Morris Endeavor Entertainment co-CEO Ariel Emanuel, Netflix CEO Reed Hastings, Gilt Groupe chairman Susan Lyne, Digital Sky Technologies CEO Yuri Milner, and Qatalyst Partners founder and head of merchant banking Frank Quattrone.
The Diamond Sponsor of the Web 2.0 Summit is Comcast. Platinum Sponsors are Bing, BlackBerry, Dell, and Yahoo!. Silver Sponsors of the event are Canaan Partners, iStockphoto, Ixaris, Meebo, Quova, TokBox, Unity Medical, and Visa. And Supporting Sponsors are Aperture, Ask.com, Omidyar Network, SendGrid, TriNet HR, and Wyse Technology.
Fortune will stream select sessions from its Fortune Most Powerful Women Summit for the first time ever.
The Fortune Most Powerful Women Summit will be held at the Mandarin Oriental Hotel in Washington, D.C., Oct. 4-6, and confirmed speakers include Secretary of State Hillary Rodham Clinton, Berkshire Hathaway chairman and CEO Warren Buffett, CNBC anchor Maria Bartiromo, Yahoo! CEO Carol Bartz, Demand Media chief revenue officer Joanne Bradford, former CNN and NBC anchor Campbell Brown, MSNBC Morning Joe co-host Mika Brzezinski, CNN chief political correspondent Candy Crowley, Fortune senior editor Nina Easton, Fortune assistant managing editor Leigh Gallagher, TIME executive editor Nancy Gibbs, Fortune senior writer Jessi Hempel, Blip.tv co-founder Dina Kaplan, Oxygen Media founder Geraldine Laybourne, Facebook vice president for global public policy Marne Levine, Fortune senior editor at large Carol Loomis, ImpreMedia CEO Monica Lozano, Fortune executive editor Stephanie Mehta, Paley Center for Media president and CEO Patricia Mitchell, Time Inc. chairman Ann Moore, TIME Washington correspondent Jay Newton-Small, CNBC Squawk Box co-anchor and Fortune guest columnist Becky Quick, Fortune senior editor Jennifer Reingold, Facebook chief operating officer Sheryl Sandberg, Fortune editor at large Pattie Sellers, NBC News chief medical editor Nancy Snyderman, Washington Post national political correspondent Karen Tumulty, Real Simple managing editor Kristin van Ogtrop, and Fox News Channel On the Record with Greta Van Susteren host Greta Van Susteren.
Yahoo! has acquired crowd sourcing high output media company Associated Content for $90 million, according to multiple reports.
The deal greatly expands Yahoo!’s content output, and provides a different source of content than that being created by Yahoo! editors.
It also comes just a few months after Associated Content competitor Demand media poached Yahoo! ad sales chief Joanne Bradford. Demand has hired a number of former Yahoo! employees in the past few months.
From the press release:
For advertisers, this deal will expand Yahoo! into more topic areas and real-time content generation. The combination promises to offer advertisers even more opportunities to engage groups of passionate consumers in ways they will find uniquely appealing to their interests and tastes.
“Combining our world-class editorial team with Associated Content’s makes this a game-changer,” said Carol Bartz, CEO, Yahoo! Inc. “Together, we’ll create more content around what we know our users care about, and open up new and creative avenues for advertisers to engage with consumers across our network. These are important aspects of building engaging consumer experiences on Yahoo!, and one of the reasons why we’re one of the most visited destinations online.”
The deal is expected to close in the third quarter of 2010.
Press release is after the jump.
After laying off 1,000 employees in February, Yahoo is cutting another 600-700 positions, or 5% of the workforce. This is the first round of cuts under new CEO Carol Bartz. There’s no word on what kind of jobs would be lost, but Bartz made clear the inefficiencies she sees.
In a conference call with analysts Bartz said, “You have three people telling project engineers what to do, and nobody’s fucking doing anything. We have to…get them focused on the right stuff. That’s the most important thing Yahoo’s going to do to become a big, strong, growing company.”
On the heels of the news that Marco Boerries has resigned as EVP of Connected Life at Yahoo, the company has named David Ko as his replacement. Ko is no stranger to all things Yahoo; he’s been with the company for nine years, most recently serving as SVP of Yahoo Mobile, Fierce Mobile Content reports.
In his new position at the helm of Yahoo’s worldwide mobile business, Ko will oversee the unit’s “business, strategy and monetization teams,” the article says.
Now we just have to wait and see how the corporate streamlining planned by CEO Carol Bartz plays out.
New Yahoo CEO Carol Bartz hasn’t even made public her plans for restructuring the company, but whatever they are, they’ll have to make do without Marco Boerries. In her AllThingsD column, Kara Swisher said that Boerries, who heads up Yahoo’s Connected Life business, is leaving the company.
In a post on Monday, Swisher discussed which executives would likely be gone with the restructuring; she included Boerries, who was a loyal supporter of ex-CEO Jerry Yang, on the list. Guess that’s a moot point now.
Boerries reportedly used the ever-popular “personal issues” as his reason for leaving in an e-mail he sent to some of his workers.
