Business Magazine

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

Posted on the 31 October 2014 by Worldwide @thedomains

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, Sinagapore 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 additon 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 an tremendous  lot of money to spend especially when its not your money but funds paid by the public.

 


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