Yahoo Inc. named Carol Bartz as its new chief executive on Tuesday. Co-founder Jerry Yang who had surrendered after potentially lucrative deals with rivals Microsoft Corp. and Google did not take place, has been replaced with the new 60 year old CEO. "I wouldn’t have taken the job if I didn’t believe there was a huge opportunity here," Bartz said.
"We are very confident (Bartz) is the right leader to get Yahoo back on track and help the company achieve its full potential," Yahoo Chairman Roy Bostock said.
"She is able to see the essence of things because she doesn’t spend a lot of time worrying about how people are going to feel," said Nilofer Merchant, a former Autodesk manager who now heads technology consultant Rubicon. "She is driven by doing the best thing for the business."
Lets hope Yahoo! rises to newer heights under effective leadership by the new CEO – Carol Bartz
reference taken from www.ndtv.com