Kayak Hires First-Ever CFO Ahead of Pending IPO

Six months after filing to go public, online travel service Kayak has gotten around to hiring its very first CFO: Bill H. Smith, previously VP of global finance for Novell, where he worked for 13 years. Earlier this year, Kayak’s plans faced a delay as the Justice Department examined (and ultimately okayed) Google’s acquisition of ITA Software, but the Norwalk, Conn.-based company is likely encouraged today by LinkedIn’s frothy IPO.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work