Barry Diller

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.

I think that's hogwash.

I don't believe in retention.

You certainly, if you have an ongoing business, you're really compensating people for growth.

I mean, other than base tasks that need to be performed, you want growth.

Give them their resources and let them go do it.

But the wealth you can create for them, it should be based upon growth.

That's a good idea.

I like that.

we found out that two of our key executives had been stealing.