Yahoo! (YHOO) CEO Bartz Gets Backing from Key Exec

Yahoo! (Nasdaq: YHOO) shares have slumped recently amid controversy and heightened competition in the search and media realm. As a result, some investors, traders, and media publications have called for CEO Carol Bartz's head on a platter. Confidence in Bartz seems to have reached an all-time low.

Just don't tell that to Yahoo!'s Chief Product Officer, Blake Irving.

Irving, at Federated Media's Conversational Marketing Summit, said that he hope's Bartz is around for a long time.

"Carol is very good. She's a very good CEO. She knows what needs to be done. She knows how many things need to get fixed. She's assembled a great team," Irving said at the Summit. Irving also noted that tackling the "gnarly" problems of a 15-year-old company isn't a walk in the park, and Bartz is doing a great job "re-architecting" from the ground up.

Irving also highlighted Yahoo!'s upcoming Livestand digital platform for publishers. The app will allow users to personalize digital media, while giving publishers a "magazine-like" newsstand on the tablet.

Yahoo! is flat pre-market.

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