Diller calls New York Times "loony," Internet companies over-valued
Barry Diller, chairman and chief executive of InterActive Corp., the large Internet conglomerate (owner of Expedia, CitySearch, Evite, Ask) responds to the accusation by New York Times columnist Nicholas Kristof that his $469 million salary is too high, and that he is lazy.
Diller (pictured here, at right) calls the New York Times’ editorial policy on executive compensation “loony.” The original Kristof column is here (ignore the photo in the link’s article; the Sun-Sentinel has the wrong Kristof).
There’s bad blood here, because Arthur Sulzberger (pictured at left), chairman of The New York Times Co., confronted Diller on stage during the Web 2.0 conference, the same day the Kristof piece was published. Sulzberger presented Diller with a plaque of the piece, who dropped it on the floor after a forced chuckle.
Separately, Diller also says Internet valuations are too high right now.
(Via Kedrosky, who’s link doesn’t appear to be working.)
(Photo credit JD Lasica.)
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
