Barry Diller hires Chelsea Clinton

Barry Diller, the UCLA drop-out and billionaire chairman of IAC/InterActive Corp., has just hired 31-year old grad student Chelsea Clinton for a board of directors seat with the global multimedia company.

Chelsea Clinton is the daughter of President Clinton and will be paid $50,000 for her work on the board.

Other board members include Michael Eisner, the embattled former head Mouse-man of Walt Disney, and Edgar Bronfman Jr., chairman of Warner Music Group.