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Re: [ga] ICANN loses $4.6 mil

  • To: dannyyounger@xxxxxxxxx, ICANN Policy staff <policy-staff@xxxxxxxxx>, Peter Dengate Thrush <barrister@xxxxxxxxxxxxxxx>, "twomey@xxxxxxxxx" <twomey@xxxxxxxxx>
  • Subject: Re: [ga] ICANN loses $4.6 mil
  • From: "Jeffrey A. Williams" <jwkckid1@xxxxxxxxxxxxx>
  • Date: Sun, 01 Feb 2009 17:50:58 -0800

Danny and all,

  Nice catch!  But as ICANN is a non-profit Calif. Corp., ICANN
is not supposed to make money, and in fact a little bit of loss vs
their expenses isn't all that unusual.  However that said, a more
expansive explanation is in order so as to ensure to the public that
ICANN doesn't have too large of a operation budget and isn't
spending money foolishly or inappropriately, such as 5 star hotels
for it's staff and Bod at it's meetings, or other "Perks" for staff and/or
Bod members or excessive or unecessary travel costs.

Danny Younger wrote:

> On the ICANN Finance Public Dashboard a note hidden within the first 
> drop-down arrow on the left indicates "The large variance to budget is due to 
> investment losses of $4.6 mil".
>
> http://forms.icann.org//idashboard/public/
>
> One would think that a more expansive explanation would be in order.
>
>

Regards,

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