ICANN is currently pushing for change in the way things are managed on the Internet, and the introduction of gTLDs padded its cash reserves with more than $340 million dollars from gTLD application fees.
With ICANN 50 coming up in June in London, UK, the focus on who gets to make decisions on core functions appears to be shifting away from the US government.
Despite its non-profit organization status, ICANN compensates its officers handsomely, as seen in this official document.
Just how much are top ICANN officers being paid annually?
Here are the 2014 figures:
- President and Chief Executive Officer – $560,000
Fadi Chehadé was appointed ICANN’s President and Chief Executive Officer, as well as a member of the Board of Directors, effective 14 September 2012. Mr. Chehadé entered into an employment agreement with ICANN effective 14 September 2012 ending 30 June 2015. Under the terms of the agreement Mr. Chehadé is to be paid a base salary of US$560,000 per year, is eligible for additional at-risk compensation of up to $240,000 per year, and is provided reasonable coverage under vacation, health and welfare plans including medical, dental, vision, life insurance and a 401(k) retirement plan that ICANN makes available to all its U.S. based employees.- President, Generic Domains Division – $462,875
Mr. Akram Atallah was appointed as Chief Operating Officer effective 20 September 2010, he also served as President and Chief Executive Officer from 1 July 2012 through 14 September 2012, and was appointed as President, Generic Domains Division in June 2013. Since 1 June 2012, Mr. Atallah’s compensation has consisted of a base salary of US$462,875.00 per year, eligibility for additional at-risk compensation of up to 30 percent of base per year, and reasonable coverage under vacation, health and welfare plans including medical, dental, vision, life insurance and a 401(k) retirement plan that ICANN makes available to all its U.S. based employees.- General Counsel and Secretary – $402,271
Mr. John Jeffrey was appointed as General Counsel and Secretary on 2 September 2003. Since 1 June 2012, Mr. Jeffrey’s compensation has consisted of a base salary of US$402,271.43 per year, eligibility for additional at-risk compensation of up to 30 percent of base pay per year, and reasonable coverage under vacation, health and welfare plans including medical, dental, vision, life insurance and a 401(k) retirement plan that ICANN makes available to all of its U.S. based employees.- Chief Operating Officer – $328,222
Ms. Susanna Bennett was appointed as Chief Operating Officer effective 1 July 2013. Since 1 July 2013, Ms. Bennett’s compensation has consisted of a base salary of US$328,222.80 per year, eligibility for additional at-risk compensation of up to 30 percent of base per year, and reasonable coverage under vacation, health and welfare plans including medical, dental, vision, life insurance and a 401(k) retirement plan that ICANN makes available to all its U.S. based employees. Ms. Bennett received a sign-on payment of US$60,000 which will be considered earned after twelve (12) months of employment, otherwise it must be repaid on a pro-rata basis.- Chief Financial Officer – $287,500
Mr. Xavier Calvez was hired on 8 September 2011, and was formally appointed by the Board as Chief Financial Officer on 17 September 2011. Since 1 September 2012, Mr. Calvez’s compensation has consisted of a base salary of US$287,500.00, eligibility for additional at-risk compensation of up to 30 percent of base per year, and reasonable coverage under vacation, health and welfare plans including medical, dental, vision, life insurance and a 401(k) retirement plan that ICANN makes available to all its U.S. based employees.- Vice President, Policy Development Support – $247,200
Mr. David Olive was hired on 15 February 2010 and was appointed as an Officer on 28 February 2013. Since 1 July 2012 Mr. Olive’s compensation has consisted of a base salary of US$247,200 per year which has been effective since 1 July 2012, eligibility for additional at-risk compensation of up to 30 percent of base per year, and reasonable coverage under vacation, health and welfare plans including medical, dental, vision, life insurance and 401(k) retirement plan that ICANN makes available to all its U.S. based employees.
Total: $2.288 Million dollars per annum.
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Non-profit???????????????????????
Looks like big paydays for the exec’s at a “non” profit.
Hopefully Mr. Kirikos can shed some light on this nonsense and hold them accountable. Go George!!!!