When did Eric Schmidt turn into such a wimp? When Google and Yahoo first proposed a deal to have Google sell search ads for Yahoo, Schmidt brazenly gave antitrust regulators a four-month deadline to review it. After that, Google would blaze ahead with the deal. The deadline came and went. Over the weekend, Google and Yahoo turned in a revised deal that they hoped would impress regulators. The bottom line: It is half as lucrative as Yahoo had hoped, generating $400 million a year rather than $800 million, limiting Google-sold ads to a quarter of Yahoo's search-related revenue. It's better than nothing, but it leaves Schmidt in a weak position the next time he wants to talk tough with the feds. Then again, maybe he's planning to dump Larry and Sergey for a nice, safe government job.

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