For all the noisy hubbub over should-we-or-shouldn’t-we-publish confidential documents hacked from password-protected accounts of Twitter employees, as well as a Twitter spouse, it is actually pretty simple.

Stolen equals stolen.

But, because this is a “hot” issue and it concerns an even hotter Web 2.0 company–Holy traffic-gooser, Batman!–the debate will surely go on and on, even as the stolen information inevitably leaks its way out.

Still, let’s not pretend what it is and is not.

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In BoomTown’s bold quest to annoyingly stick a Flip digital video camera in the face of every Yahoo senior exec, this week I worked the last nerve of its CTO and EVP of Products, Aristotle “Ari” Balogh.

Actually, the 45-year-old Balogh is a very calm and pleasant man, especially considering the huge responsibility that has been foisted on him by CEO Carol Bartz to rejigger how Yahoo makes its products and services and deploy its technology in a more efficient, centralized and, most of all, innovative manner.

To explain all this, Balogh sat down with me twice–he is clearly a glutton for punishment–to talk about where Yahoo stood as it sought to dig itself out of its long slump and reemerge as the potent Internet force it once was.

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BoomTown is at the lovely Santa Clara Marriott in Silicon Valley at the 2009 Yahoo annual meeting, liveblogging the event, which should be spectacularly dull.

Here is a rundown of what went on.

10:05 am: The meeting kicks off with a little video presentation with various and sundry television talking heads saying “Yahoo” in quick succession.

Actually, this was the year during which all of those hype-magnets repeated “Twitter” so many times that it has began to make my ears bleed.

But I like the spirit of trying to make Yahoo seem relevant and innovative again.

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Exactly how is the introduction of vanity URLs on Facebook going to go?

At 9:01 p.m. PDT on Friday, the giant Silicon Valley-based social-networking site will allow its 200 million members to log in and claim a friendlier username for part of their URLs instead of the long string of gibberish that is now there.

But, because it is about people’s names and because it is certain to be chaotic in its execution, I think we can pretty much slap the moniker “URLgate” on this one and just call it a night.

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More musical chairs at Yahoo, which BoomTown predicted recently, as top execs at the company move in and out of jobs, and new ones from the outside move in.

Perhaps the most important change to occur is the replacement this week of SVP Scott Dietzen–who had been in charge of all communications and communities products at Yahoo–by former Adobe Systems exec Bryan Lamkin, several sources said.

And there’s even more…

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A major Yahoo investor yesterday told me that he liked what he saw so far from new Yahoo CEO Carol Bartz, but he was wary.

“I like the sizzle,” he said, referring to Bartz’s decisive take-no-prisoners style. “But I am still waiting to see if steak is there too.”

Well, Bartz sizzled at its first-quarter earnings conference call today, tossing off some ribald words as she also handed over some tough news to chew on, announcing Yahoo’s much-expected weak first-quarter results. The company also said it would cut five percent of its staff of 13,600, which is close to 700 employees.

BoomTown liveblogged the call with Bartz, who noted about Yahoo: “The most important takeaway was the importance of having a ‘Wow!’ experience.”

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BoomTown has a feeling the very friendly new AOL CEO and Chairman, Tim Armstrong, is not going to waste his time chasing down and threatening to drop-kick leakers into outerspace.

At least I hope he has better things to do! Like, you know, turning around the troubled Time Warner online unit.

So here is his first memo to AOL staffers, leaked to me. (Don’t go all Bartz on me, Tim, because it won’t work anyway!)

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Along with Yahoo CEO Carol Bartz’s external email earlier today, the company also outlined the new management structure in another memo.

It’s pretty much what BoomTown has been reporting all week. Top-down simplification, which is another word for: Carol rules over Yahoo.

CTO Ari Balogh gets a lot of stuff as new head of products, and so does U.S. head Hilary Schneider, including mobile, as EVP of North American Region. Bot report to Bartz.

Here’s the entire memo of Yahoo’s new organization.

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There’s no question Yahoo owes longtime veteran exec Ash Patel a lot, as it has grown into a global Internet behemoth.

Since getting to the company in 1996–which essentially means he was present at the creation–Patel has pretty much been involved in all of Yahoo’s well-known consumer products.

But, because of his impact and longevity, Patel has also become a symbol for many inside Yahoo right now, who mention him most often in the should-he-stay-or-should-he-go-now debates about who should lead the company into the future.

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Yahoo’s top mobile exec, Marco Boerries, is departing Yahoo, according to an internal email obtained by BoomTown that he sent to some staffers on Sunday.

I have also since confirmed Boerries’s departure with company insiders familiar with the situation.

In a post on Monday on a restructuring at Yahoo that new CEO Carol Bartz is likely to unveil to the company this week–sources tell me it is now set to be announced internally tomorrow–I noted that Boerries was one of the more likely high-level execs to go.

“With a very heavy heart I have to tell you, that I will be leaving Yahoo!,” Boerries wrote, attributing his departure in an email titled “Personal Update,” to issues related to his family.

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A few weeks ago, BoomTown got a rather compelling email from Marion Vermazen, who once worked at Sun Microsystems with new Yahoo CEO Carol Bartz–and where Bartz actually fired Vermazen.

Her take on the experience?

“Amazing,” said Vermazen, given how Bartz handled it herself–driving 30 minutes to Vermazen’s office–in a very straightforward way.

In other words, a kinder, classier Donald Trump “Apprentice” style, but without the cameras and bad hair.

It’s instructive now, given that Bartz is likely to have to give several big Yahoo execs the heave-ho in the days ahead as she unveils her new management structure soon.

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Satish Dharmaraj–the founder of open-source email start-up Zimbra, which has been at the heart of significant new changes to Yahoo’s key communications services–will be leaving the company.

Yahoo paid $350 million for Zimbra in the fall of 2007.

And even though he had stepped back from leadership in the communications arena at Yahoo, the departure of an innovative entrepreneur like Dharmaraj–although typical when big companies buy start-ups–is never a good thing, given that it’s more important than ever to keep innovative leaders at Yahoo.

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While layoffs have become all too common across tech and this country, today’s at Yahoo feel a little worse, coming after 18 unceasing months of painful changes and stumbles at the troubled Internet icon. As previously reported by BoomTown, about 10 percent of Yahoo’s workforce–1,500–are expected to get their walking papers, starting this morning. I have gotten more than a dozen impassioned emails from Yahoo employees, some of whom are there and some who have left, this week alone–all of whom truly care for the company, in spite of obvious anger.

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This morning, AOL will launch an updated look for its Bebo social-networking property, with a new “social inbox” profile for its users. It essentially gives its users a one-stop destination, with aggregated social feeds from across the Web, multiple email accounts and media recommendations. But, according to sources, the online service is preparing a more radical series of announcements after the new year, well beyond its release today. Interestingly, the changes to its social-networking and communications properties yet to be announced have been among the things that have impressed Yahoo in its recent merger talks with Time Warner about buying AOL.

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Microsoft officially rolled out its next version of its Windows Live Services tonight, with a heavy emphasis on socializing its online offerings and giving users better tools to share all sorts of information from across the Web within them.

Microsoft said the changes–similar to those made by Yahoo and AOL recently–would “begin rolling out to customers in the U.S. over the coming weeks and will be made available globally in 54 countries and in 48 languages by early 2009.”

You might call this the “Facebooking” of Windows Live, which is the brand name for Microsoft’s communications and other related online services aimed at consumers, especially because the much anticipated changes also include a new profile and a “What’s New” feed.

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