In a surprise move, Yahoo has laid off its CEO Ms.Carol Bartz, in midst of poor turnaround and plunging revenues. The move was welcomed in business circles as stocks of the Web giant rose over 6% to $13.72 in after-hours trading. A person familiar with the matter said the 62-year old lady was not herself aware that she would be shown the door. The step was drastic and came at a time when Yahoo has been facing competitive and strategic challenges... Continue Reading>>>
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