Nobody seemed too surprised when Yahoo fired Carol Bartz as the company's CEO on Tuesday. A unanimous vote from the board and a phone call from the chairman Roy Bostock sufficed to remove the struggling executive from the helm of the struggling company, but as a number of Silicon Valley experts have pointed out, Yahoo will need to do a lot more than that to save their company. Looking ahead, some are wondering whom Yahoo will tap to take Bartz's place. Others speculate that Yahoo will overhaul the company and start from scratch. And of course, tons of people have considered Yahoo as a takeover target--and one blogger has raised his hand to be taken over.
Yahoo founder and former CEO Jerry Yang reportedly told the company's 13,500 employees that they're not for sale, but the company's future is inevitably unclear. As Silicon Valley scoop wizard Kara Swisher, who broke the news of Bartz's firing, reports:
The board of Yahoo, which ousted its CEO Carol Bartz today in a unanimous decision, is exploring a range of possible strategies to turn around its moribund growth, including possible acquisitions, shedding units, bringing in new investment partners and even taking the company private or selling it.
A sale is the least likely of options, said sources close to the situation, but--given today’s news--Yahoo might attract a lot of attention from investors seeking to take advantage of the company’s powerful but troubled assets.
"It is all on the table," said one source close to the company.
This wouldn't be the first time that Yahoo has approached these crossroads. As long ago as 2006, venture capitalists floated the idea, and in 2008, Microsoft made a generous bid of $31 per share, a 62 percent premium on the share price. Yahoo balked, and Microsoft eventually pulled their bid. Just before Bartz's firing three years later, the stock closed at just under $13. The sad current stock price is bad news for Yahoo investors who missed out on the Bill Gates-sponsored payday, but it's great news for prospective buyers.