Carol Bartz, Yahoo's CEO sold $2m worth of shares

Guardian reports that Yahoo’s CEO Carol Bartz sold shares, worth of $2 million since March. This made investors unhappy and raised the questioning of the long-term loyalty of Bartz. According to regulatory filings, Bartz has made two major stock sales in the past nine months – more than $830,000 (£500,000) in March and a further $1.14m in […]

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Guardian reports that Yahoo’s CEO Carol Bartz sold shares, worth of $2 million since March. This made investors unhappy and raised the questioning of the long-term loyalty of Bartz. According to regulatory filings, Bartz has made two major stock sales in the past nine months – more than $830,000 (£500,000) in March and a further $1.14m in June. Figures also show that several other executive directors made hundreds of thousands of dollars each at the end of August, Yahoo's general counsel, Mike Callahan, has made more than $1.35m (£820,000) across five separate stock sales this year alone. Yahoo investor, Eric Jackson of Ironfire Capital, said “Two million already cashed out for Bartz is too much, too soon.” He added that it “doesn’t really fit with her ‘I didn’t need this job as I was retired’ image she portrays”.

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Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he's engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.