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Bartz Fired as Yahoo CEO Amid Plans for Strategic Review

Yahoo! Inc. ousted Chief Executive Officer Carol Bartz and announced a strategic review to help the most-visited U.S. Web portal revive growth and lure users who have defected to rivals in Web search and social networking.

Chief Financial Officer Tim Morse will take over as interim CEO, Sunnyvale, California-based Yahoo said in a statement today. The company said it will hire a search firm to help it find a permanent CEO.