Yahoo Stock Soars After CEO Ouster

Paul Sakuma / AP Photo

Investors seem relieved that Yahoo CEO Carol Bartz has been fired: Stock in the company soared as much as 7 percent on Thursday, a rally that Bartz was never able to pull off during her tenure. While Yahoo has not officially commented on Bartz's departure, she reportedly sent an email to employees on Wednesday night to say that said she had been "fired over the phone" by the chairman of Yahoo's board of directors. Chief financial officer Tim Morse was named the interim CEO.