CEO Search Out of the Way, Yahoo Finally Looking for New Board Members

Now that Yahoo finally got a new CEO, it seems that the board is up for review. Rumors say that Yahoo is looking for new board members to replace at least several of the current ones.

Given that the Yahoo board is generally regarded as one of the most inefficient, to put it mildly, in the industry, that can only be a good thing for the company.

This very board, save a few members, rejected the huge offer Microsoft made a few years ago. Now, Yahoo is valued at about half what Microsoft was prepared to pay at that time.

It is also responsible for the hiring and then the long past due firing of CEO Carol Bartz.

There's no official confirmation from Yahoo or the company hired to look for new directors. There is also no definitive list of directors that are to be replaced.