Posted 11/26/2014 at 10:10 AM
Posted 3 years ago
Former Netflix executive and current Yahoo CIO Mike Kail is being sued for accepting kickbacks from IT service companies.
Apparently, he arranged deals with Vistara and NetEnrich for $3.7 million and then pocketed 12 – 15 percent commission, funneled through a company he controlled called Unix Mercenary.
He’s suspected of accepting other kickbacks from other companies as well, but these two alone (who are both owned by the same person) he would have made between $450,000 – $560,000.
So far, no one has commented, other than a Vistara spokesperson who just said that Vistara was spun out of NetEnrich.