Barry Diller

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.

If the enterprise does well, you should have a share of how well it does paid to you at that moment.

What I have learned is that most people, you think that giving large populations options in the company's securities, that they would hold on to them.

And what you find out is

80, 90%, the first moment that they quote vest, they cashed them.

So it, I don't know.

I don't believe, by the way, I also I've heard a retention arguments.

from time immemorial, decades of, well, we do this to retain people.

I think that's ridiculous.

You retain people.

People stay in your enterprise because they like what they do and there's opportunity there.

A handcuff, so to speak, or they stay because they haven't vested in this or that.