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.

Barry, Barry, Barry

No we don't mean the lovable Barry Bonds.

We mean the lovable billionaire (#317 on the Forbes The 400 Richest Americans list resting at $1.5b), Barry Diller.

This UCLA drop-out, born in Beverly Hills, and married to Diane von Furstenberg has recently come out victorious from a well-publicized lawsuit with former business buddy John Malone.

And it is all described, and more, in the June Conde Nast Portfolio article: The Confessions of Barry Diller.

Read it so that you too can understand all-things-Barry.