With a $10 stock price, the turning down of Microsoft’s $31 a share offer, a collapsed search ad deal with Google, fleeing execs and bad news aplenty, it’s easy to blame Yahoo CEO Jerry Yang and call for his ouster.

After all, the buck does stop with him.

Or does it? Because, to my mind, if there is anyone to cast stones at in the ongoing crisis at Yahoo, BoomTown would have to toss a large boulder in the direction of the company’s incredibly shrinking board.

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Well, this was certainly predictable–the mindless piling on of Yahoo CEO Jerry Yang now taking place in the blogosphere, in the wake of yet another setback for the troubled Internet company.

This time, it comes after the collapse of the search advertising deal with Google yesterday.

BoomTown is not saying the co-founder of Yahoo does not deserve criticism for how he has run the company since last summer.

Nonetheless, it is simply lazy to just call for Yang’s ouster as the panacea for what ails the company. It’s a feel-good suggestion, mixed with a creepy mob mentality, that offers no clear path to improvement.

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Unless there is an 11th-hour change of heart from Time Warner, former AOL head Jon Miller will still not be Carl Icahn’s choice for the two other seats he will select–which requires Yahoo’s consent–to the board of the Internet company, set to be announced by Friday.

Instead, several sources with knowledge of the situation think Icahn is likely to choose Edward Meyer (pictured here) and Frank Biondi, both of whom were on his alternative board slate when the activist investor was waging his now-defunct proxy fight against Yahoo.

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Yesterday, in what feels to BoomTown to be a deeply petty move, Time Warner said that it had blocked former AOL head Jon Miller from being considered as a possible Yahoo board member.

The reason is a noncompete Miller signed, part of a severance agreement he reached with the media giant after it unceremoniously tossed him out in late 2006.

A Time Warner spokesman said Miller was barred from working “for a variety of competitors, including Yahoo, until March of 2009.”

Like it matters.

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