2011 Budget comments of Leap of Faith Financial Services Inc.
Comments on 2011 Budget Submitted By: George Kirikos Company: Leap of Faith Financial Services Inc. Company URL: http://www.leap.com/ Date: April 1, 2010 We oppose the 2011 Budget as posted. 1. The overall level of spending is far, far too high. Recall that ICANN used to do just fine with under $10 million/yr. ICANN needs to cut down on what it does, and focus on a narrow technical mission. 2. Staff compensation is entirely unrealistic. ICANN wrongly uses FOR-PROFIT companies as comparables, instead of NON-PROFITS (such as academia, hospitals, government agencies, etc.). Rod Beckstrom's own compensation is only part of the problem: http://www.thedomains.com/2010/02/11/nonprofit-icann-releases-salaries-beckstrom-over-2-2-million-guaranteed-cfo-270k-lawyer-230k-plus-plus/ Many (most) other staffers are also overpaid. 3. Spending on travel and meetings is far too high. Meetings should be cut to at most 2 per year. ICANN should prepare for a "steady state" equilibrium where its job is "mostly done". 4. The "for-profit" culture of ICANN twists and perverts its policymaking priorities. While .com and other gTLD prices have been *increasing* (along with ICANN salaries, revenues, spending, etc.), those in the real world (including those affected by the recession) see the exact opposite. Operations need to be downsized and rationalized. 5. Indeed, ICANN needs to explain why the cost of toll-free numbers in the USA (via the www.SMS800.com website, see "Tariff") is 10.54 CENTS per month, and has been going *down* (used to be 13.13 cents per month), whereas costs for domains are 500% higher and have been *increasing*. (e.g. 7% annual increases for VeriSign for .com, 10% increases for .net, .org, etc.). That's a huge failure of ICANN. Yet, ICANN continues to award its employees bonuses for "success". The DOC and NTIA need to step in and make serious changes, to ensure that ICANN is acting in the public interest (for registrants), instead of the private interest of ICANN employees and their pals/lobbyists. Sincerely, George Kirikos http://www.leap.com/