News: Shareholder SpingOwl Asset Management made the suggestions in an analysis presented to the board.
A Yahoo shareholder has reportedly said that he considers former executives Ross Levinsohn and Jacqueline Reses as potential replacements for CEO Marissa Mayer.
Last week, SpingOwl Asset Management managing director Eric Jackson sent a 99-page strategic analysis to Yahoo’s board.
Jackson was quoted by Reuters as saying, "(Former Yahoo interim CEO) Ross Levinsohn was passed over for the job four year ago. I think the basic strategy that he was advocating was in hindsight the right strategy."
Reses, who earlier worked as chief development officer at Yahoo, recently joined mobile payment firm Square.
Jackson said that Reses is interesting because she is familiar with the firm and has a private equity background, having worked at Apax Partners prior to joining Yahoo.
"Whoever is the next CEO will need to take Yahoo core down to its studs in terms of its costs," Jackson said.
Last week, Yahoo abandoned plans to spin off its stake in Chinese e-commerce firm Alibaba due to opposition from several investors.
The company is considering alternative structures to separate the Alibaba stake, with a particular focus on a reverse spin off.
It would entail transferring all of Yahoo’s other assets, including its core internet business, into a newly formed, publicly traded company.