The buzz is that Jane Friedman, the optimistic CEO (and mob boss?) of HarperCollins, is out on her ear. You can read the New York Observer story here (complete with scary photo).
The scoop from Galley Cat is that she is being replaced by Brian Murray who is 41. Also dude who is heading up Random House (Markus Dohle) is 39. So, the next time someone gives you the business about being 40 and a first time novelist, I think you should say that 40 is the new...shut up.