With Carol Bartz shown the door last week, Yahoo’s board is putting asset sales ahead of a new CEO. The 10-member board apparently believes Yahoo! needs to stabilise its strategic direction before it can settle on a new CEO.
Yahoo! is yet to hire an executive-search firm and it’s unclear whether Bartz’s successor will be a former colleague or an outsider.
Meanwhile ISP AOL is reportedly sniffing the wind for a possible merger with Yahoo!.
Read: Yahoo and AOL Merger Talks After Tough Google-Facebook Competition