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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