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Revamp Is Yahoo Board’s Priority

Published on September 10, 2011
by Amir Efrati, Joann S. Lublin and Anupreeta Das

Yahoo Inc.’s board is putting a higher priority on evaluating a potential sale of all or parts of the Internet company over its search for a new chief executive, said people familiar with the matter, as directors scramble in the wake of ousting CEO Carol Bartz.

The priority-setting doesn’t mean that Yahoo’s board necessarily prefers a sale over staying independent, these people said. But the board’s sentiment is that the company needs a better handle on its strategic direction before it can settle on the right CEO, these people said.

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