Yahoo morale plummets as Bartz sells shares
Yahoo chief executive Carol Bartz has sold millions of dollars worth of company shares in what many see as a sign that she is losing faith in Yahoo’s ability to compete. The move is likely to upset shareholders, and will lower employee morale.
Regulatory filings uncovered by The Guardian show that Bartz sold $830,000 of Yahoo stock in March, and $1.4m in June.
“Two million already cashed out for Bartz is too much, too soon,” Yahoo investor Eric Jackson of Ironfire Capital told The Guardian. “It doesn’t really fit with the ‘I didn’t need this job as I was retired’ image she portrays.”
Source: V3.co.uk
