Yahoo is pushing forward with its plans to sell off core businesses. According to The Wall Street Journal, the company has hired banking advisers and formed an “independent committee” to explore all of its options.
While we don’t know who is on the committee, we do know who isn’t: Yahoo CEO Marissa Mayer and Yahoo co-founder David Filo. Mayer and Filo are on the outside looking in to avoid any potential conflicts.
“An inside person might prefer to not sell the company because they like their job—their career and their wealth can change a lot depending on what happens,” David Larcker, a professor at Stanford University’s Graduate School of Business, told the Journal. “You take the decision out of their hands and you bring in an outside set of people.”