Hilariously, his company long ago was sold to Yahoo, and he promptly ditched his shares. He didn't want anything to do with it then.
I think the idea here is to sell it, not run it. So the main qualification of the new board would be: can phone MSFT and ask them to again offer $33/share.
Can I be on the board then? I'm sure they'll all get a sweet payoff from the deal.
No way MSFT offers $33+/share again. Yahoo's pride/arrogance/stupidity cost their shareholders a lot of money.