With Carol Bartz shown the door last week, Yahoo’s board is putting asset sales ahead of a new CEO. The 10-member board apparently believes Yahoo! needs to stabilise its strategic direction before it can settle on a new CEO.

Carol Bartz was fired last week (CDN, Thursday) in extraordinary circumstances leading to a flurry of -emails and text message laced with accusations from both sides.

Yahoo! is yet to hire an executive-search firm and it’s unclear whether Bartz’s successor will be a former colleague or an outsider.

Meanwhile ISP AOL is reportedly sniffing the wind for a possible merger with Yahoo!.

Read: Yahoo and AOL Merger Talks After Tough Google-Facebook Competition