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