ICANN loses $4.6 million of your money in the stock market

[GeorgeK]

I tried to post this in "Domain News" but somehow it didn't go through (everytime I post in Domain News it seems to hit the Moderation Queue? -- odd!)

Anyhow, I thought Exclusives might want to know how their money is being managed at ICANN.

ICANN has lost $4.6 million of your money in the stock market, see:

http://www.circleid.com/posts/20090203_icann_blows_46_million_stock_market/

http://www.thedomains.com/2009/02/03/icann-losses-46-million-of-your-money-in-the-stock-market/

Someone needs to be held accountable.

(if a mod can approve the post in Domain News, and lock this thread later, that'd be ideal)

 

[Theo]

I read the CircleID article, it's yet another indication that greed and mismanagement might as well be a corporate title.

Well done for breaking the story, George.

 

[GeorgeK]

Danny Younger deserves the credit, although I helped find some of the background information once he pointed out the loss on the ICANN GA Mailing List

http://gnso.icann.org/mailing-lists/archives/ga-200709/ (see posts from Feb 2 and since)

and then John Levine wrote the CircleID article (and Mike Berkens covered the story on his blog too).

By the way, ICANN's CFO wrote a comment in the CircleID comments, if you want their side of the story.....

 

[Theo]

I read the comments and I think that it's not a matter of subjective description of the process. The word I would use is "gambling". They might as well have taken the funds to Las Vegas and played blackjack with it.

 

[Leading Names]

Another string for ICANN's guitar of failure :worried:

- Rob

 

[GeorgeK]

I think more folks would be outraged if the post I made in "Domain News" was approved by the mods (does 2 links automatically trigger moderation??).

 

[A D]

I approved the this article in domain news, sorry for the delay.

I will get your account flagged to post there since you always provide great information.

Thanks for contributing,

-=DCG=-

 

[Theo]

George, email me and I will give you a free ICANNT.com account

 

[GeorgeK]

Thanks DCG. You might want to close this thread, and we can move the discussion over there:

http://www.dnforum.com/f17/icann-loses-4-6-million-your-money-stock-market-thread-348672.html

(lol Acro. )

 

[A D]

Thread closed at request of thread starter.

-=DCG=-