Outspoken media mogul Barry Diller told The Financial Times that corporate governance reform is destroying American competitiveness. The story was filled with colorful quotes from the CEO of IAC. Buried in the story was Diller's offhand comment that IAC may go private, but there was no follow-up about how he'd engineer such a deal. Maybe the reporters failed to ask because they were taken aback by Diller's claims that journalists are the real problem and not management, especially concerning executive compensation. He went so far as to call journalists criminals, which must have led to an awkward moment.—Matthew Wurtzel
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