Yahoo soon to search out new CEO?

The fun never stops at Yahoo, the source of Silicon Valley's longest-running soap opera. In the latest episode, a major shareholder is demanding that the company fire CEO Scott Thompson. The reason: It was discovered Thompson had fudged his resume, falsely claiming to have a computer science degree. He's "only" got an accounting diploma.

The investor group, New York-based Third Point, on May 4 sent a stern letter to Yahoo's board demanding that it dump Thompson by noon on May 7. That deadline has come and gone, and so far Yahoo's board has merely formed a "special committee" to review Thompson's academic credentials. But if the board does get around to making a more drastic move, it's not slim pickings out there when it comes to possible replacements. So let the speculation start.

Editors' note: This slideshow was originally published May 4 at 2:10 p.m. PT. It has been updated since then with additional information and photos.