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The Wall Street Journal buries this tidbit in the middle of a blog post about Terry Semel's talk at the D Conference. The Yahoo CEO went all Vichy France when asked about Nazi collaboration:

One attendee asked Mr. Semel if Yahoo would have cooperated with Nazi Germany the same way it has with China. His response: "Yahoo has a basic obligation not to have a point of view on basic content, and to present content ... and aggregate things and to allow people to make their own choices. I don't know how I would have felt then."

"Po-tay-to, po-tah-to. You say 'Nazis,' I say 'business partners.'"

Yahoo Defends China Cooperation [WSJ]