Is Yahoo in a jam, or just getting rid of the nuts in the Peanut Butter?

Boomtown (and manyothers) having been gorging on the Yahoo sinking ship exodus, including the alleged exit of the Peanut Butter gallery:

Sources say Garlinghouse and the other execs are deeply unhappy about the new reorganization being architected largely by President Sue Decker.

Structured now to over a lot more power to Yahoo EVP Hilary Schneider, who runs the Global Partner Solutions division, the changes are being made without a lot of input from execs like Garlinghouse.

Instead, Decker–with Yahoo CEO Jerry Yang–is working with a small group of top managers, especially Chief Human Resources Officer David Windley, so a lot of other top managers are largely in the dark about the changes.

And this differs from any other large and serious corporate restructuring how exactly? Company hits a rock, axes are swung, heads roll, new people come in. Its the Circle of Corporate Life, and this one is far from a corpse yet.

It differs because les geeks can now write les blogs, so instead of a few measured lines in the WSJ and FT is is all over Techmeme like a rash. Its interesting how the human interest angle has totally overshadowed the business aspects - one of the things about social media is it is more inclined to report on social aspects.