Netflix sues Yahoo CIO for alleged kickbacks


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

Netflix says in the lawsuit that two companies paid Michael Kail commissions of up to 15 percent after he secured contracts with them. To date, Los Gatos, California-based Netflix says it paid the companies a combined total of more than $3.7 million.

Netflix says it was not aware of the payments until after Kail left in August for Yahoo. At Yahoo Inc., based in Sunnyvale, California, Kail oversees data center operations and reports to CEO Marissa Mayer.

Yahoo and Netflix Inc. declined to comment. Kail did not immediately respond to a request for comment.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast