Barry Diller

I did.

And I knew that that was binary, and it just kept at me.

It wasn't that I was afraid.

It was I didn't want to confront the very binariness of it because on the other side of not being a corporatist or being on your own or being independent or wanting to build something yourself is that you are very far away from the Mother Church.

You really are on your own.

and while it didn't frighten me it was like such a different solar system that i couldn't even conceive of it other than in these terms of you are you're not and i couldn't accept that i was not and that's that's what got me out it was my inability to accept that and so i left fox and

I believe in risk and reward, and I believe if you take risks and if you're doing any valuable work, you're going to be taking risks.

If it works out...

The rewards should be there.

And we now and always have, hope always will, compensate people accordingly.

People can't gain wealth in the enterprises that I'm involved in.

Something's wrong with the enterprise.

So I'm about wanting people to give people the opportunity to create real wealth with unlimited upside for it.

I think generally compensation that is stock-based is not the best route.

It depends, again, it's a broad general statement.

For developed enterprises, it's not the best route.

The best route is, to me, a much simpler one.

If you create value working in a project or you create value to whatever degree you create it,

You should share in that value on a cash basis, meaning any time period, a year.

Just take every year.