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Jerry Yang, CEO of Yahoo!, recently sent out a company-wide memo in response to Microsoft's $44bn hostile bid. Here's a rather hilarious "human readable" version of the memo courtesy of John Gruber.

While I don't 100% agree with the translation, I find it amusing that we actually need to translate. You'd think that such an important message would be a bit more... accessible.

The memo makes me wonder, though: how often does senior management actually point out the importance of their employees outside of annual company meetings and circumstances such as this? Yang is really asking for loyalty through a difficult time for his organization. Did he build that loyalty or is he just asking for it? I don't know, but I'd be curious to find out.