Yahoo Board Backs CEO Despite Asset Sale Rumors

Re/code: Reports of the impending demise of CEO Marissa Mayer at Yahoo are greatly exaggerated. And so are rumors that the board of the Silicon Valley Internet giant is poised to sell off the entire core business. Meetings this week will be Yahoo’s typical multi-day annual board gatherings always held in December. Directors plan to weigh recent advice from management consultants McKinsey & Co. about which parts of the company to unload, as well as consider the status of the complicated spinoff of Alibaba.