Diller: Leaders bear absolute responsibility the second they discover organizational wrongdoing
Barry Diller · Barry Diller: Building IAC · Sep 30, 2025 · at 54:08
Barry Diller, Chairman of IAC and Expedia, reflects on corporate governance and ethics, explaining his 'ticking clock' rule regarding executive accountability during internal crises.
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“Presuming you run a straight organization, meaning, in other words, presuming you're not Engaged in nefarious stuff, but if something happens, and it doesn't necessarily be somebody stealing, it could be one of your products has some antisocial thing that you discover, or somebody in your organization has just done something that is unethical, whatever it is, and so long as you're running a general, like, yep, checks and balances, up until that moment that you know it, You have no issue with culpability. You have no agency. You have no nothing. But the second you know it, the clock is ticking, and you have to have that in your brain. You have to know that every second after that, what you do about that is now your absolute responsibility.”
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