John Malone Wants Barry Diller Removed From the Glacier of the West Side Highway

The battle over IAC rages on, with Liberty Media chief and IAC shareholder John Malone refusing to let Barry Diller split the company into five units, and effectively stripping Malone of power.

Malone sued last week to stop Diller’s canceling of Malone’s super “B” shares; Diller counter-sued to keep the ball rolling into divesting the company. And now Malone is back in court, accusing Diller of “breaching his fiduciary responsibility” and looking to have him ousted as chief executive.

Naturally, both parties find themselves in the right, though sticking to character, Diller is getting more boisterous about it. Queen.

Jan 29, 2008 · Link · Respond
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