Comments on: DeWolfe, Anderson To News Corp: Show Us The Money

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By: TechCrunch sides with Rupert Murdoch against Internet entrepreneurs | pacificpelican.us/diary

Mon, 29 Oct 2007 21:16:16 +0000

[...] about whether or not the Myspace founders “deserve” the pay they are demanding, reaches for a comparison that is not so much misleading as downright dishonest: ‘According to Deadline Hollywood Daily, MySpace founders Chris DeWolfe and Tom Anderson are [...]

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By: MySpace Likely To Open Platform To 3rd Party Developers

MySpace Likely To Open Platform To 3rd Party Developers — Fri, 29 Jun 2007 08:13:54 +0000

[...] count have abandoned MySpace for Facebook. The moves to an open platform also comes after reports earlier this week claiming that DeWolfe was asking for a $12.5million annual salary to stay on at MySpace. If DeWolfe [...]

By: Randy Smythe

Randy Smythe — Thu, 28 Jun 2007 02:18:43 +0000

Its a negotiation! They asked for way more than they think they will get and then FIM counter offers. That was a heck of a counter offer. They should take it and put this story to bed but my guess is they will try to get FIM to move half way. Not likely.

They got to get it now because when News Corp spins it off for 25% of Yahoo they won’t get anything

By: Matt

Matt — Thu, 28 Jun 2007 00:34:06 +0000

Since Tom is my only friend on MySpace, I will have to side with him on this one.

By: The Nest

The Nest — Wed, 27 Jun 2007 19:47:57 +0000

TechCrunch sides with Rupert Murdoch against young Internet entrepreneurs…

Duncan Riley from TechCrunch, talking about whether or not the Myspace founders “deserve” the pay they are demanding, reaches for a comparison that is not so much misleading as downright dishonest:

‘According to Deadline Hollywood Daily, MySpace …

By: Kyle

Kyle — Wed, 27 Jun 2007 18:09:35 +0000

I think Tom Anderson and Chris Dewolfe asking for more money is perfectly fine, and they both deserve it considering myspace is the largest social network ever created…. and for one thing they didn’t “cash in ” that much on the sale, atleast compared to other aquisitions such as YouTube and broadcast.com. And besides, if I invented one of the most successful dot - com companies I would want to be making millions… I don’t blame them

By: Wayne Pan

Wayne Pan — Wed, 27 Jun 2007 16:39:01 +0000

If anything their asking price is cheap. Regardless of how much they ‘cashed out’ on the original acquisition if Murdoch thinks myspace is worth $12b Tom and Chris are smart to ask for this much. And, as another commenter pointed out, they’re probably not expecting it and looking for an exit.

By: openSermo

openSermo — Wed, 27 Jun 2007 16:35:04 +0000

Quick correction, Apple nor Google pay any dividends, zilch. Jobs, Schmidt, Page and Brin benefit strictly from capital gains on their large holdings of their companies stock.

By: Don

Don — Wed, 27 Jun 2007 16:33:04 +0000

Duncan’s right. The fact is they have no one to blame but themselves.

They didn’t hold on to enough of the company to have a say in the sale, and so other people profitted. Welcome to venture capital.

You can’t give away your company in return for funding and then complain when your new investors do what’s in their best interest rather than yours. That’s how the game works. They aren’t “entitled” to anything, and I think many here are simply backing them out of dislike for Fox.

By: Gabe

Gabe — Wed, 27 Jun 2007 15:33:40 +0000

They totally deserve it. They got robbed by Intermix on the buyout and didn’t get nearly as rich as everyone thinks… They operate one of the busiest and most successful internet destinations on the web.. Fork it out Rupert!

By: come on...

come on... — Wed, 27 Jun 2007 14:30:09 +0000

Ok, I’m not a MySpace apologist, but jeez - everyone here saying MySpace is crap and these guys aren’t worth anything are so far off it’s pathetic. You don’t get to the leading social network by complete accident - Tom and Chris specifically led a lot of the early growth, the focus on music, etc. MySpace *added* more people and page views last month than Facebook did (though Facebook’s % growth was much larger because they started from a smaller base).
Chris and Tom did not make a lot in the sale, yet they are the main reason MySpace and Fox Internet are worth what it’s worth.
Their demands are a little outrageous, but don’t dismiss what value they’ve actually added to make MySpace a key destination. And let’s get off the valley high-horse where we say all diss MySpace and recognize that it is a lot bigger and more successful (at least right now) than most things made here recently.
And to Duncan - to say they are already “wealthy” is just bad research - they aren’t anywhere near as wealthy as one would expect, which is what they are asking for. It’s not “salary” they are asking for, but asking sugar-daddy Fox to give them some $$ to compensate for the value they’ve brought in since MySpace has *grown* under Fox…

By: Concrete Stain

Concrete Stain — Wed, 27 Jun 2007 14:08:09 +0000

They aren’t worth it /

- They aren’t worth keeping, keep TOM lose these (2) chumps.
- They got their money… move along…

By: Someone

Someone — Wed, 27 Jun 2007 13:21:09 +0000

It’s not about how much they’re worth- it’s about the fact that they’re trying to position themselves as an integral part of the company’s success. Everyone knows News Corp got myspace for pennies on the dollar compared to what other companies would have been willing to pay- maybe this is the owners’ way of trying to make some of that back.

By: Sebastian

Sebastian — Wed, 27 Jun 2007 12:52:15 +0000

What value did DeWolfe and Anderson bring in, after they were acquired by MySpace?

They always were behind the competition, they did not use their massive user numbers to create a viable ecosystem which makes companies support their growth and would make their leading position more stable.

It doesn’t take high-paid CEOs to run a company without having a vision. If you want to get a high salary, you have to be good in what you do.

Look at Mark Zuckerberg - he does revolutionary things. Look at Steve Jobs - he does revolutionary things.
These guys haven’t become successful accidentialy, they did the right things to the right time.
DeWolfe and Anderson didn’t do anything extraordinary. That’s ok. But they shouldn’t be honored for that.

By: Tyler Wright

Tyler Wright — Wed, 27 Jun 2007 12:07:18 +0000

“blush reeks of pure unadulterated greed” - solid wording man!

By: Harry

Harry — Wed, 27 Jun 2007 11:26:41 +0000

I think person can ask for any amount in salary he feels he deserves, we are no one to pass judgement if they are greedy or not. It is for the employer to decide if they are worth the money or it is better to look for someone else.
Also I think this kind of post is uncalled for at a place like TC.

By: sean percival

sean percival — Wed, 27 Jun 2007 08:17:34 +0000

My Predictions:

http://www.socialham.com/2007/.....thout-tom/

By: » MySpace Without Tom — Social Ham - Social Network News

» MySpace Without Tom — Social Ham - Social Network News — Wed, 27 Jun 2007 07:58:44 +0000

[...] assume this is simply an attempt at one last big payday before they depart and start new companies. TechCrunch notes that the IBM CEO receives about $17.9 million year, I’ll also assume anyone reading [...]

By: willy

willy — Wed, 27 Jun 2007 07:18:19 +0000

no they don’t

By: Drama 2.0

Drama 2.0 — Wed, 27 Jun 2007 06:20:49 +0000

It’s going to be interesting to see how this plays out. While the logical considerations of these demands seem to indicate that Chris and Tom are asking for the absurd, there are some intangible considerations which they must feel hold considerable weight.

http://www.drama20show.com/2007/06/27/greed-20/

By: The Drama 2.0 Show

The Drama 2.0 Show — Wed, 27 Jun 2007 06:15:24 +0000

Greed 2.0?…

It’s being reported by Deadline Hollywood Daily that Chris DeWolfe and Tom Anderson of MySpace fame are asking for $50 million in compensation over the next two years in order to stay involved with the social networking giant which News Corp. acq…

By: BlogReader

BlogReader — Wed, 27 Jun 2007 05:38:06 +0000

What on earth do these two bring to the table of a site that can pretty much run itself?

By: witty name

witty name — Wed, 27 Jun 2007 05:18:20 +0000

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