Billionaire investor Ron Burkle leaving Yahoo board
Yahoo Chairman Roy Bostock thanked Burkle, saying that shareholders benefited from his counsel and insights. Burkle served on the board since 2001 and weathered with his colleagues the wrath of shareholders over the failed Yahoo/Microsoft merger in 2008.
"It has been a great privilege to serve on Yahoo's board," Burkle, managing partner of private equity firm Yucaipa Cos., said in a statement.
The Yahoo statement said the former grocery magnate would "devote more time to his other business interests."
-- Jessica Guynn
Photo: Ron Burkle. Credit: Chester Higgins Jr. / New York Times