SAN FRANCISCO, 7:42 AM, TUE MAY 13 | 34 POSTS IN THE LAST 24 HOURS | tips@valleywag.com | SUBMIT A TIP | RSS

Barry Diller is paying Jakob Lodwick more than $100,000 a year to stay away from IAC employees

LodwickHaircutSmall.jpgWe heard Jakob Lodwick may have broken his severance agreement with IAC's Connected Ventures when he poached Vimeo Web designer Justin Ouellette to help him start Muxtape, an online mix-tapes startup. How much could the gaffe cost the Connected Ventures cofounder? Reportedly, $100,000 a year through 2011. "What a mess," an IAC exec tells us. True, but mostly for Lodwick. IAC can hire more Web designers to replace the one Lodwick's entrepreneurial ventures have cost them so far. Diller's six-figure dole will be harder for Lodwick to replace.

4:40 PM on Mon Apr 14 2008
By Nicholas Carlson
3,292 views
18 comments

Comments

Comment on this post

Reply by Email

Login with your username and password below. Or comment on this post via email.