Diller defends his compensation package.(Barry Diller of IAC Advertising Group Inc.)

Advertising Age, December, 2006 by Johnson, Bradley

Byline: bradley johnson

By 12:42 a.m. on Jan. 1, 2005, Barry Diller-earning about $894 per minute-had made more money than the average American worker would make all year.

Such is life at the top for the chairman of meandering conglomerate IAC/InterActiveCorp and online travel outfit Expedia.

Mr. Diller last year made $295 million at IAC, putting him at the top of Ad Age's report on 2005 executive compensation. He made another $175 million at Expedia, which IAC spun off last August. The total-$470 million-works out to an hourly rate of $53,639. IAC, where Mr. Diller is chairman-CEO, has assembled a hodgepodge of mostly interactive businesses ranging from Ask.com and LendingTree to Ticketmaster and Shoebuy.com. Expedia, where he is chairman...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.