Yahoo Sacks CEO Carol Bartz appoints Tim Morse

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Yahoo Inc has fired CEO Carol Bartz, and named Chief Financial Officer Tim Morse as interim chief executive. Carol Bartz was brought on board two years ago to turn around the company’s troubled fortunes.

In an e-mail message to employees titled ‘Goodbye’, Ms Bartz, 62, said she is "very sad to tell you that I have just been fired over the phone by Yahoo’s chairman of the board’’. "It has been my pleasure to work with all of you and I wish you only the best going forward," she wrote.

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