Microsoft embraces its nerdiness: The company has hired the king of snarky wallflowers, Jerry Seinfeld, to work alongside Bill Gates in an upcoming ad campaign, reports The Wall Street Journal. Seinfeld reportedly signed on for $10 million of the $300 ad campaign to be created by a new advertising agency.
IAC breaks off into investment-sized chunks, reports PaidContent in an interview with CFO Tom McInerney. IAC is now five separately traded companies, each with its own board and management, although operational implications are unclear.
Along with the year-in-the-works breakup, the company raised $2 billion via debt. (Does anyone else smell a fire?) McInerney outlines strategy for future growth: investing in value-addable acquisitions; launching $5 million to $20 million startups; and continuing harsh judgment of execs (no bonuses last year.)
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