Great post over at DealBook by Jack Flack, aka Paul Pendegrass, deconstructing the Yahoo press release on Carol Bartz' appointment and reading between the lines (and into the backstory). Basically Flack says that the board choose her because she can sit at the table with Microsoft's Steve Ballmer and do a deal--and she's an experienced operating exec, aka bona fide.

Some bits that caused me particular glee (and appreciation):
"Yahoo: "There is no denying that Yahoo! has faced enormous challenges over the last year, but I believe there is now an extraordinary opportunity to create value for our shareholders and new possibilities for our customers, partners and employees."

Translation: There is now an extraordinary opportunity to create value for our shareholders because I bring no bad history to the negotiating table.

Yahoo: "We will seize that opportunity."

Translation: What would it take for you to drive it off the lot tonight?"

There's lots more here...all sharp and observant and funny.

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