ICANN Pays Over $2 Million Dollars For Its Directors + CEO Fadi Gets Almost $1.4 Million

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ICANN published its compensation paid to or on behalf of 23 people who servered on its Board of Directors ending June 30, 2014.

In all 23 people received over $2,000,000 combined in “any payments made by ICANN to Directors (including reimbursements of expenses).”

“This table represents reimbursements and compensation paid directly to Board Members, payments made to third party vendors such as
hotels, restaurants, and travel agencies on behalf of Board Members as well as a total of the three amounts.”
You can view the entire table of compensation and expenses paid by ICANN here
During the  Fiscal Year ending June 30, 2014, there were seven face-to-face meetings for Board members, including four regular ICANN Meetings (Durban in July 2013, Buenos Aires in November 2013, Singapore in March 2014, and London in June 2014), and three Board meetings in Los Angeles (in September 2013, in February 2014, and in April 2014). In addition, a number of Directors after approval, participated in or attended other meetings for which their travel and meeting expenses were reimbursed (the largest meetings were IGF meeting in Bali, IEFT meeting in UK, and NetMundial meeting in Brazil).

Also in addition to the Board, The President and CEO of ICANN Fadi Chehadé in FY 2014 was paid $559,999.92 in salary, $253,826.62 for at-risk pay, along with reimbursement of expenses of $156,338.23, and $363,083.20 in payments on his behalf for travel related costs.

If your counting that is about $1.4 Million plus the $2 Million paid to and/or on behalf of the Board

$363,000 in travel costs is a big number.

As someone who has been fortunate to travel first class to most destinations, $363K seems like an a LOT of money

I know what it costs to fly first class and stay first class to Singapore, London and LA & Buenos Aires.

$363K seems like a tremendous  amount of money to spend especially when its not you’re money but funds paid by the public.

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. George Kirikos says

    The single word that comes to mind is “Oink!”

    These unaccountable board members are partying like it’s 1999, feasting at the public trough with no shame.

  3. qwerty says

    “Hurry! Spend the money before the gtld dumbphucks realize their stupidity and demand their money back!”

  4. jose says

    i’am trying to get an answer from them for about 4 months now.
    basically, i’m hitting on the sweetest honey pot that is: why are registrars allowed to auctioned expired domains like if they belonged to them or even retaining them for themselves?
    a different guy from ICANN comes and tries to say “oh well, you see, it’s in the RAA policy”. then i ask “kindly show me the policy”. and then they show it but the policy says that they cannot do it unless under “extenuating circumstances”. when i explain that, it goes blank. the other side of the line drops. suddenly they understand the problem. and they cannot face it.
    but then again, can we?
    so, what’s the purpose of ICANN really?

  5. Meyer says

    “why are registrars allowed to auctioned expired domains ”

    You are wasting your energy. If you are against that policy, you needed to stop it 10 yrs ago.

    And, what makes you think if the domain dropped, you would have a opportunity to acquire the domain without paying a premium price to the catching registrar?

    • jose says

      because you have drop catching companies and they don’t ask premium price. market will work at the end.

      and we have registrars already asking premium prices for domains. just browse namejet and you will see several expired domains being sold by network solutions at premium prices (above $69 minimum).

      worst, you have some companies today already making unfair competition to us all, not only by keeping domains for themselves without releasing them to the public (which they should be doing according to RAA!) but also leveraging their profits to go after private domains.

      in any case, why am i wasting my time trying to bring this to attention? ICANN acts without any accountability? why are we as a business so indifferent to this illegal behavior? don’t you all think that, at least, we are being called stupid? i mean, there is a rule, they keep the rule in each revision of RAA, registrars abuse it, no one cares. in the end the registrar takes the easy money to the bank and we all look at the other side.

      will we only take action when the money stops flooding everyone’s pocket? it will, you know?