And why can't the new buyer do that? What makes it greedy to sell the business and let someone else hire that CEO? It's not like they're shutting it down and selling the assets individually.
They could do that, but the problem is that the stock price is too high to encourage someone to buy it wholesale because of the stakes in other companies, but the future earnings potential is keeping it too low to allow investors who currently have Yahoo stock to sell out of their positions without taking a huge loss.