Yahoo CEO Carol Bartz kicks off analyst meeting by with vow to boost ‘pathetic’ profit margins
By APWednesday, October 28, 2009
Yahoo CEO sets out to regain analysts’ respect
SUNNYVALE, Calif. — Yahoo CEO Carol Bartz vows to boost the slumping Internet company’s “pathetic” profit margins.
Bartz made the comments Wednesday as she kicked off an all-day meeting with stock market analysts. Bartz told them she hoped Yahoo could regain their respect.
The meeting marked the first time that Yahoo has provided an extended overview of its strategy in 3½ years. Most public companies hold the sessions, known as “analyst days,” every year or two.
Yahoo’s earnings have been drooping for the past three years, and the company’s stock has fallen more than 45 percent since its last analyst day.
Bartz was hired nine months ago to steer a turnaround.
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