Rod Beckstrom in the opening ceremony at the ICANN conference this morning gave what I guess would be fair to call his farewell address as CEO of ICANN.
In pointing out the accomplishments of ICANN while Mr. Beckstrom has been CEO he said:
“When I came, ICANN had $57 million of funds under management.
Today, $444 million.
“We have seen real growth.”
Now last time I looked ICANN was a non-profit corporation whose mission was not to grow “funds under management”, but to serve the public interest.
The fact that he would list the financial growth of ICANN as an accomplishment during his reign was pretty shocking and IMHO unwise, especially considering the fact that $350 Million of the $444 Million came from application fees for new gTLD’s which are suppose to be cost recovery, meaning that ICANN is suppose to have to spend that $350 Million to process the applications.
I’ll try to get a full transcript of Mr. Beckstrom’s farewell address sometime today.