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

G2 Crowd Obtains $7,000,000 New Financing Round
  • Company: G2 Crowd
  • Description: After spending years in the enterprise software industry, we saw glaring problems in how business technology was bought and sold. There was nowhere to turn for real, unbiased feedback or for advice from people who had actually implemented and used the software and related services.
  • Website: www.g2crowd.com
  • Type: Venture Equity
  • Amount: $7,000,000
  • Round: Undisclosed
  • Purpose: G2 Crowd will use the funding to extend its leadership and accelerate growth by hiring additional top talent to build out its buyer community. G2 Crowd also plans to invest in providing buyers with more unique insights from the rapidly growing mass of review content and social signals.
  • Investors:

Avvo Lands $71,500,000 Series E Financing
  • Company: Avvo
  • Description: Avvo is the only free website that empowers consumers to handle their legal matters with confidence. Avvo rates and profiles every lawyer to help consumers choose the right lawyer, and also offers client reviews, peer endorsements, attorney disciplinary records, and a question and answer forum.
  • Website: www.avvo.com
  • Type: Venture Equity
  • Amount: $71,500,000
  • Round: Series E
  • Purpose: Avvo will use the new funding to accelerate hiring, increase Avvo brand awareness through continued marketing initiatives, and expand its product offerings.
  • Investors:

Integral Ad Science Receives $27,000,070 Series E Round
  • Company: Integral Ad Science
  • Description: Since launching the industry's first preventative brand safety solution in 2009, powered by our constant growth and innovation, we have built a global media valuation platform that is integral to the buying and selling of quality media.
  • Website: www.integralads.com
  • Type: Venture Equity
  • Amount: $27,000,070
  • Round: Series E
  • 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: