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

youAPPi Lands $3,000,000 Series A Financing
  • Company: youAPPi
  • Description: youAPPi revolutionizes the way mobile applications and users meet, interact and monetize. Using the youAPPi system, publishers of mobile Apps, acquire a simple and reliable way to target their acquisition and retention resources for the highest valued and most loyal consumers.
  • Website: www.youappi.com
  • Type: Venture Equity
  • Amount: $3,000,000
  • Round: Series A
  • Purpose: The company also announced the first ever mobile customer acquisition solution that delivers guaranteed higher customer lifetime value (LTV).
  • Investors:

Tsu Receives $7,000,000 New Round
  • Company: Tsu
  • Description: tsu gives you the ability to onboard your audience by removing ourselves from the sign-up process. Everyone has their own member short code, which is the door to their network.
  • Website: www.tsu.co
  • Type: Venture Equity
  • Amount: $7,000,000
  • Round: Undisclosed
  • Purpose: Proceeds purposes were not disclosed.
  • Investors:

Hmicro Obtains $5,500,000 Series B Financing Round
  • Company: Hmicro
  • Description: HMicro is the wireless solutions company with domain knowledge essential to understand business needs and technical requirements in healthcare and other exacting markets.
  • Website: www.hmicro.com
  • Type: Venture Equity
  • Amount: $5,500,000
  • Round: Series B
  • Purpose: Proceeds purposes were not disclosed.
  • Investors: