Netflix Sues Yahoo CIO
Netflix is suing a former company vice chairman who is now chief data officer at Yahoo, accusing him of receiving money from carriers he hired to work with the video streaming firm.
Netflix says in the lawsuit that 2 firms paid Michael Kail commissions of as much as 15 % after he secured contracts with them. To this point, Los Gatos, California-based Netflix says it paid the businesses a combined whole of greater than $3.7 million (roughly Rs. 22 crores).
Netflix Sues Yahoo CIO for Alleged Kickbacks
Netflix says it was no longer privy to the funds unless after Kail left in August for Yahoo. At Yahoo Inc., based totally in Sunnyvale, California, Kail oversees knowledge heart operations and experiences to CEO Marissa Mayer.
Yahoo and Netflix Inc. Declined to remark. Kail did not right away reply to a request for remark.