Yahoo’s strategic review could last months, leaked email says
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Yahoo board members sent an email to update the company’s some 14,000 employees (currently toiling in limbo) on the progress they are making in their strategic review.
Yahoo Chairman Roy Bostock and co-founders David Filo and Jerry Yang said Yahoo’s advisors at Allen & Co. are fielding inquiries from ‘multiple parties that have already expressed interest in a number of potential options.’
The process, the memo says, could take months.
Yahoo’s board fired Carol Bartz as chief executive earlier this month. It is now reviewing its options, which are chiefly selling parts or all of the company.
The email said the company is also looking for a permanent CEO. But sources have told the Los Angeles Times that new leadership is the least likely of the options.
That was not reflected in much of the email, which said: ‘Together, we can write the next great chapter in the Yahoo! story and secure our place as one of those rarities: an internet company that endures.’
-- Jessica Guynn