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CEO Bartz: Yahoo Will 'Get Our Mojo Back'

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Jun 25, 2009 12:30 pm US/Pacific

CEO Bartz: Yahoo Will 'Get Our Mojo Back'

 YHOO: Latest Quote & News

SANTA CLARA (CBS 5 / AP) ― Yahoo CEO Carol Bartz assured shareholders that the slumping Internet company will "get our mojo back" as she tries to end a three-year slump that confounded her two predecessors.

Bartz made the pledge Thursday during her first shareholder meeting since Yahoo hired her six months ago.

In the mostly amiable one-hour meeting in Santa Clara, Bartz also told shareholders she won't talk publicly about Yahoo's on-again, off-again talks with Microsoft unless the two rivals make a deal.

Yahoo Inc. rejected a $47.5 billion takeover bid from Microsoft Corp. last year, infuriating many of its shareholders. Microsoft has since explored buying Yahoo's search engine, but Bartz has downplayed that possibility.

(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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