After being silent all day about the selection of Carol Bartz as its new CEO, Yahoo finally got around to confirming the reports. It also announced that president Sue Decker, who was also vying for the top spot, will resign.
So at least there will be some management transition, with Jerry Yang going back to his founder’s role. For Decker, getting the CEO job was a long shot. She was already basically running Yahoo, and that obviously wasn’t working.
Now we will see whether Bartz can articulate a different strategy for the company, or at least negotiate a better deal with Microsoft (or AOL).