Carol Bartz, Yahoo's CEO, received a phone call yesterday informing her that her employment at Yahoo had been terminated.
She promptly sent her ex-employees the following email from her iPad:
I am very sad to tell you that I've just been fired over the phone by Yahoo's Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward.
Sent from my iPad
Yahoo's Board of Directors have confirmed that Timothy Morse has replaced Bartz as interim CEO. Meanwhile, Yahoo's stock rose just over 6% following news of Bartz's departure.