Barry Diller Says Executives and Top-Paid Actors Should Take a 25% Pay Cut, Warns of Industry Collapse If Strikes Not Settled by Sept. 1

, chairman and senior executive of IAC and Expedia Group and former Hollywood studio chief, says that top executives and the highest-paid stars should take a 25 percent pay cut to narrow the gap between their salaries and those of the folks at the lower end of the pay scale..

“You have the actors union saying, ‘How dare these 10 people who run these companies earn all this money and won’t pay us?’ While, if you look at it on the other side, the top 10 actors get paid more than the top 10 executives. I’m not saying either is right. Actually, everybody’s probably overpaid at the top end.”

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