Investors welcomed news of Yahoo CEO Carol Bartz’s firing enthusiastically in after-hours trading on Tuesday evening, with shares of the company finishing the session up more than 6% to $13.72 per share.
As we noted earlier today, Bartz’s tenure ended abruptly this afternoon when Yahoo Chairman Roy Bostock informed her (via phone) that she was being terminated, a move that Bartz was able to share with the entire company via an email sent from her iPad.
Yahoo has named its CFO Tim Morse as interim CEO and appointed an “executive leadership council” to help fill the void as the company searches for a permanent leader.