Yahoo laid off more than a thousand people last week, including Jeff Bonforte, a vice president whose job was rendered superfluous long before he was made redundant. Now we learn that he's taken the job of CEO at Xobni, a promising email startup. Curious: Did Xobni make a snap decision to hire Bonforte? Unlikely. Instead of quitting to take the job at Xobni, he waited to extract a package from Yahoo. Yahoo's shareholders and his ex-colleagues might not share our view, but we applaud Bonforte's cynical opportunism.

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