Tim Morse will leave his position at chip maker Altera Corp and gladly accept a package that could see him earn as much as $1.5 million in his first year at Yahoo.

"Yahoo! is an amazing brand with a unique combination of assets, and I am extremely excited to be joining a finance team with a deep commitment to financial excellence and fiscal discipline," said Morse in a statement. "I look forward to working with the entire leadership team to continue to focus on driving results and creating value for our shareholders."

Sounds to me like Morse Code for "Ill take the Microsoft negotiations from here, thanks Carol."

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