Has Barry Diller been faking it all along?

“He has a vision, and he’s not quite sure what it is, you know. And then he kind of fakes it until he makes it.” -Diane von Furstenberg, Barry Diller’s wife and IAC board member By SDH The battle is in full swing between IAC/Interactive Corp CEO Barry Diller and majority shareholder John Malone. The latest back and forth may have tipped in Diller's favor, but things from the past may come back to bite him where the sun doesn't shine. Diller's fashion designer wife and IAC board member,” Diane von Furstenberg during a "60 Minutes" interview sort of painted her husband as a winger and/or a pretender by saying he “Fakes it till he makes it". Statements like these can probably serve up a huge blow to Diller who is fighting for dear life to hold on to the maze of companies known as IAC/Interactive Corp. So has Barry been faking it? According to many analysts he isn’t an effective CEO. Diller’s decision to split up the company in 5 stand alone companies is seen by some as the result of something that was built up so fast, it got out of hand. One of Diller’s biggest acquisitions Ask.com which originally had delusional episodes of taking on search giant Google, recently announced that it is changing its focus from Google and will transform itself into a search engine locked in on married Southern and Mid Western women. Is this the result of another fake it till you make it approach that failed? The coming weeks will decide Barry Diller’s legacy. Will he be remembered as a builder of businesses for other media CEOs or will he be remembered as that, and a builder and ruler of his own empire? If John Malone wins, he (Barry Diller) will be remembered as the man who built a major internet company only to find out he wasn’t the boss all along.