There’s rich, and then there’s really rich.

According to The NYT, it looks like Barry Diller, CEO of IAC/Interactive tends to fall into the later category. Last year, he reportedly raked-in $295 million.

“By any objective measure, Barry Diller is grossly overpaid,” said Jonathan Weil, managing director of Glass Lewis.

Mr. Diller’s pay package goes beyond even the larger number of $295 million in the Corporate Library report, when his additional compensation at Expedia is included.

In the spinoff, some of his original options in Interactive converted to options in Expedia. He exercised options for an additional payoff of $173 million last year.

In all, Mr. Diller reaped $469.7 million last year from salary, bonus, other perks and the exercise of existing stock options at IAC/Interactive and Expedia.

IAC/Interactive also gave Mr. Diller 3.8 million new options in Expedia last year so that he actually received 7.6 million new options.

Not too long ago, IAC acquired a majority stake in the parent of CollegeHumor.com.

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