Netflix sues Yahoo CIO Mike Kail for alleged kickbacks
Netflix (NASDAQ:NFLX) is suing its former vice president of IT operations Mike Kail, who left the company in August to become chief information officer at Yahoo (NASDAQ:YHOO). The suit says that Kail arranged Netflix contracts with IT service companies Vistara and NetEnrich, and then pocketed commissions of 12%-15% of the monthly fees Netflix paid each company.
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