How low has the credibility of Yahoo's management sunk? Here's a tale that recently reached our ears: An employee reportedly asked CFO Blake Jorgensen at a recent meeting about the rumor that Yahoo would soon ax its shuttle buses. "Don't believe everything you read in Valleywag," Jorgensen is said to have replied. "But yes, we are cutting off the shuttles." This from the same crew that didn't anticipate Microsoft's unsolicited bid.

The score stands Valleywag 1, Yahoo management 0. Yahoo employees, consider Valleywag an upgraded, open version of your Backyard intranet. New features in this release include truth and honesty. And best of all, much of the content is user-generated.

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