IAC is changing its corporate name to People Incorporated. Neil Vogel will assume the role of CEO. Barry Diller will become the executive chairman. The company will concentrate on People publishing and MGM Resorts investments. This restructuring plan involves staff reductions.
https://www.hollywoodreporter.com/business/business-news/barry-diller-shakeup-iac-to-people-inc-neil-vogel-new-ceo-1236578906/