Sorry!! The article you are trying to read is not available now.

Anti-Yahoo Remarks May Have Cost Carol Bartz a Fortune

Print comment Post Comments
And this is why the exit interview is so crucial in today's job market.

Had Carol Bartz been reminded of her contract's stipulations, she may have bit her tongue long before calling her fellow board members childish names.

Upon her recent termination as CEO, Bartz let her brash vulgarity do the talking. Speaking with Fortune, she callously remarked that her cohorts "f***ed [her] over." Bartz also related her initial response to Yahoo chairman Roy Bostock firing her over the phone via script. "I said, 'Roy, I think that's a script,'" adding, "'Why don't you have the balls to tell me yourself?'"

But the dirt really started to fly across the playground sandbox when Bartz referred to the board as "the worst board in the country" and a bunch of "doofuses," no less.

It must've been cathartic for Bartz to let the expletives fly, but Fortune also reports that a non-disparagement clause in her contract forbids her from making negative comments about the company. And it's safe to assume calling the board "doofuses" qualifies as negative.

So, what's the cost of Bartz's safe-for-Nickelodeon name-calling?

Ten million dollars.

Yes, Bartz may have to forfeit $10 million in compensation for violating her contract.

(See also: Yahoo Staffers Despised Carol Bartz as CEO and We Americans Work Too Damn Hard!)

For an investment angle on these and many more tech stocks, take a FREE trial to the TechStrat Report by Sean Udall.
POSITION:  No positions in stocks mentioned.