Yahoo’s Shakeup Puts Pressure on Directors to Sell Asian Assets

Yahoo! Inc.’s board shakeup that led to the departure of Chairman Roy Bostock adds to pressure on the company to sell Asian assets valued at more than $10 billion and reverse the sales slump that’s plagued management since 2008.

Yahoo added two new board members and announced the departure of four others, including Bostock, who won’t stand for re-election at the company’s shareholder meeting this year. Yesterday’s overhaul means all of Yahoo’s directors will have joined in the past two years, generating optimism that new officials will be more aggressive about revamping the company.