The Wall Street Journal pay survey is a fascinating read. My initial impression was surprise that Steve Jobs was only number five. But the thing that shocked me the most is that Barry Diller, the CEO of IACI, is number two on that list, having made $1.14B over the years 2000-1010.

This is egregious. Not because Barry Diller is incompetent. He's a a smart guy, and a media visionary. It's because it's way out of line with what his company did. If you include Expedia shares, an IACI spinoff, IACI shareholders lost 18% over the decade period in which Dillar's compenstation was measured, according to the Wall Street Journal. In fact, IACI alone stock fell 80% during the time that Barry Diller made $1B.

IACI's market cap, today, is $2.6B. Expedia is worth about $6B. Barry Diller raked in $1B over 10 years. Whoa.

Compare it with Steve Jobs, a measly number five on the list, who took out only $749 million from Apple over the 10-year period, while Apple's market cap grew to a staggering $240B, creating enormous amounts of shareholder value.

Diller's pay even looks odd to Larry Ellison, who is number one on the list. Ellison made $1.8B over 10 years but his company is worth $123B and churns out $8B in cash flow per year. If you think in terms of Ellison only taking out 1/8th of one year's cash flow over 10 years, it doesn't seem that high at all, considering this was the company he founded.

Diller points out that many of the gains came from shares he excercised from earlier periods, so in fact the gains are over a longer period. It just doesn't matter when you stack up IACI and Expedia against Apple. Diller comes out looking greedy. He's trying, though.

This entry was posted on Tuesday, July 27, 2010 at 12:20 pm and is filed under Media, Technology.
Keywords: Barry Diller, IACI, Steve Jobs, Apple

Clarify Lands $1,000,000 Seed Financing
  • Company: Clarify
  • Description: The world has moved beyond text. That simple understanding is at the heart of what we’re doing at Clarify (formerly OP3Nvoice). Ever since the invention of the Gutenberg press human knowledge has been preserved and communicated in text. The digital explosion has changed this.
  • Website: www.clarify.io
  • Type: Venture Equity
  • Amount: $1,000,000
  • Round: Seed
  • Purpose: The primary use of funds will be to continue to engineer the core platform, support early customers, and grow in key markets.
  • Investors:

Linkable Networks Lands $8,037,272 New Round
  • Company: Linkable Networks
  • Description: Linkable Networks is the bridge between advertisers, consumers, and financial Institutions, delivering to advertisers unprecedented accountability from online, mobile, email, print, TV, and radio advertising through online and in-store purchasing. Consumers receive one-click access to meaningful savings, while Financial Institutions receive top of wallet loyalty.
  • Website: www.linkablenetworks.com
  • Type: Venture Equity
  • Amount: $8,037,272
  • Round: Undisclosed
  • Purpose: Proceeds purposes were not disclosed. SEC regulatory filing. Contact technology company for investment details, if applicable. Not an offer or solicitation for sale of securities.
  • Investors:

Minted Obtains $38,000,000 New Financing Round
  • Company: Minted
  • Description: Minted is a global community of independent graphic designers and an online store that prints and sells the best of their designs in the form of paper goods.
  • Website: www.minted.com
  • Type: Venture Equity
  • Amount: $38,000,000
  • Round: Undisclosed
  • Purpose: For the first time, Minted is also activating a new storefront model to give thousands of artists and designers the opportunity to run their own businesses through Minted’s manufacturing and customer service platform.
  • Investors: