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Article: Yahoo CEO pledges to boost profit margins
- Article from:
- AP Online
- Article date:
- November 10, 2009
- Author:
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Yahoo Inc. Chief Executive Carol Bartz promised Tuesday to turn around the struggling Internet company after this year's "terrible" performance.
Bartz reiterated her goal to boost operating profit margin to between 15 percent and 20 percent within the next two or three years by spurring revenue and cutting costs.
That would be a sharp improvement over this year's margins of 6 percent _ a result she described as "terrible, terrible."
"Yahoo is certainly poised to execute financially," Bartz said at a luncheon hosted by the American Chamber of Commerce in Singapore. "We saw the economy stabilize in the last quarter and that feels really ...