Misguided managers, Luddite corporate raiders, a thuggish hostile takeover from a software giant, a revolving door of employees, a dash of Internet moolah and a tough-talking lady CEO to the rescue! Also some Googzilla action thrown in for good measure.

Of course, it has all the elements of a good story for Vanity Fair magazine!

Actually, Yahoo has all the elements of a good Mexican telenovela, but it’s only a magazine article that is apparently in the cards to chronicle the stumbles and bumbles of the Internet giant.

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You would have to have been under a rock not to have heard about the controversial piece in Vanity Fair magazine this month about the troubling personal and professional escapades of former President Bill Clinton since he left office.

And the reason for these disturbing developments, besides Clinton himself? The piece actually placed a good bit of the blame on Clinton’s close friend, grocery magnate and billionaire Ron Burkle, who also has been one of the key directors at Yahoo in its takeover fight with Microsoft.

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Ok, not that secret a project.

BoomTown has known about it forever and Radar Online gave the lowdown about the creation of the hip-sounding news aggregator Web site–headed by high-profile editor Tina Brown–by Barry Diller’s IAC in a report in early April.

While still in its planning stages, though, it just hired a new GM to run the business: Caroline Marks.

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It’s time for Vanity Fair’s annual ranking of 100 powerful business moguls, the 2007 New Establishment list, which always make me feel a little oily after reading it for reasons I cannot quite grasp.
Nonetheless, we press on, as it has become filled with earnest billionaire techies in recent years, rather than those scary media barons [...]

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