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Saturday, June 27, 2009

Yahoo CEO promises shareholders , things will get better

SANTA CLARA, Calif. (AP) — Yahoo CEO Carol Bartz assured shareholders that the slumping Internet company will "get our mojo back" as she tries to end a three-year slump that confounded her two predecessors.

Bartz made the pledge Thursday during her first shareholder meeting since Yahoo hired her six months ago.

In the mostly amiable one-hour meeting in Santa Clara, Bartz also told shareholders she won't talk publicly about Yahoo's on-again, off-again talks with Microsoft unless the two rivals make a deal.

Yahoo Inc. rejected a $47.5 billion takeover bid from Microsoft Corp. last year, infuriating many of its shareholders. Microsoft has since explored buying Yahoo's search engine, but Bartz has downplayed that possibility.


by the associated press

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