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Supposedly the CEO and the chairman were on opposite U.S. coasts. Must have been pretty urgent though...

Agreed. There is more to the story we don't know yet.

Well, Yahoo got rid of their last telegraph just weeks ago; otherwise they would have used that.

Well, church steeples are still an option… (One if bought by Microsoft, two if firing CEO)

You're right. They missed the opportunity to do it on reality TV.