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RE: [council] RE: Salary increase to $900,000 for ICANN CEO
Here is the original announcement:
News Alert
https://www.icann.org/news/announcement-4-2014-08-01-en
_____
Board Extends Term of ICANN President
1 August 2014
The ICANN Board has extended by two years the contract of President and Chief
Executive Officer Fadi Chehadé. It will now run until 30 June 2017.
"As we noted in the Board resolution
<https://www.icann.org/resources/board-material/resolutions-2014-07-30-en> ,
taking this action will help ensure the stability in leadership that is
important for ICANN," said Board Chair Dr. Stephen Crocker. "It also shows the
support and confidence that the Board has in Fadi."
Chehadé's base salary will increase by 12.5 percent.
The Board resolution said, "The decision to increase Mr. Chehadé's compensation
was done with recognition and acknowledgment of the work done by the
Compensation Committee with Towers Watson to ensure that the increase
recommended is reasonable and in line with comparable positions."
"I'm both humbled and honored by the Board's trust in me to lead this important
organization at such a critical time," said Chehadé. "I'm glad to be able to
expend my energy and passion towards ICANN's noble mission and great public
responsibility. With focus, diligence and hard work, we will continue to evolve
ICANN into a mature, global organization."
From: john@xxxxxxxxxxxxxxxxxxx [mailto:john@xxxxxxxxxxxxxxxxxxx]
Sent: 03 August 2014 23:26
To: Phil Corwin; bc-private icann.org (bc-private@xxxxxxxxx)
Cc: council@xxxxxxxxxxxxxx
Subject: [council] RE: Salary increase to $900,000 for ICANN CEO
Phil,
This is pretty much a "by-the-numbers" approach to setting Mr. Chehade's
salary. In fact, with an FY15 budget showing about $170 million US in revenue,
studies show it could have been a couple hundred thousand more. I am sure the
Board feels it has exercised discretion. This is reinforced by the fact that
the CEO has to hit his performance marks to reach the total.
Mr. Chehade has publicly committed to letting the community participate in his
performance review, but I have not yet seen the invitation. If I sound
skeptical, it is because I am and because, even though the compensation can be
easily justified by what others in his position make, it ignores the potential
moderating effect of a likely supply of existing talent who would no doubt be
equally able to get the job done. This is a common problem for businesses who
seek to measure continuity by executive terms of service rather than investing
in a shared commitment to the mission.
Here in the U.S., baseball uses a performance measure called "Wins Above
Replacement" (WAR) to assesses the value of a player. It seeks to answer the
question: "How many wins does a player create over-and-above the number of
games his team would win if he were replaced?" Really good players are at 5 or
6 WAR, the superstars are at 10. I wonder what Fadi's WAR would be?
Cheers,
Berard
--------- Original Message ---------
Subject: [Bc-private] FW: Salary increase to $900,000 for ICANN CEO » The
Milathan Post
From: "Phil Corwin" <psc@xxxxxxxxxxx>
Date: 8/3/14 2:37 pm
To: "bc-private icann.org (bc-private@xxxxxxxxx)" <bc-private@xxxxxxxxx>
FYI. Good post from Stephane.
The Board gave itself a raise as well.
http://post.milathan.com/2014/08/salary-increase-to-900000-for-icann-ceo/
Philip S. Corwin, Founding Principal
Virtualaw LLC
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Washington, DC 20004
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