ICANN banked $60m from dot-word auctions. Just what exactly is it going to spend it all on? The chairman of ICANN has finally been pushed into revealing his plans for the $60m the domain-name overseer has banked from auctioning off the rights to dot-words. The $60m (£40m) – or $58,819,832 to be precise – was raised from organizations competing to set up registries for new generic top-level domains like .ping ($1.5m …
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"You can bet the board is desperately doing everything possible to ensure that money gets in their pockets rather than lavished on the community."
Exactly. Asking this question is redundancy extraordinaire, we KNOW where the money will go. It will go first into the pockets of the board, then the pockets of upper management and then, maybe, if there is some left, into some infrastructure internal IT improvement projects (or, conversely, into surveys to examine the feasibility of internal IT improvement projects).
Nothing will change here, move along.
Retaining FIFA board and Olympic Committee members to advise on best practice for fiscal transparency and tendering processes.
Presuming a successful knowledge transfer, the remaining funds will be found to actually have been a misreported accounting error, and in fact it will prove urgently necessary to hike .com fees.
Any remaining funds would be spent according to the internet community's wishes.
So it will be proclaimed that the community's wishes are for the board members to increase their staff, hold more meetings in exotic places, have the latest in luxury cars and accommodations. Oh.. and very large bonuses for doing such a great job. Let's not forget the upgrade in amenities and furnishings of the executive offices.
And let's not forget that the board members should be awarded $10,000 a night hookers...err...escorts instead of the current $1,000 a night companions. After all, they're doing a great job.
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