PE's bids were too low so Yahoo wasted no time in hiring a new CEO since receiving the low bids. Yahoo is rumored to be very close to making a deal for their Asian assets. Roy Bostock is rumored to be retiring this year from Yahoo's BOD.
CNBC just reported that Bostock will retire in the next 6 to 8 months.
CNBC is, as usual, wrong.Mr. Roy Bostock and Mr. Jerry Yang intened to remain in Control of Yahoo for many, many, many years to come!!
My Man Roy won't be retiring anytime soon!!Deal with it!