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ICANN Names New CEO, Will Pay Him $800,000 To Run the Internet

Posted by Soulskill on from the i-just-be-he-cann dept.

darthcamaro writes "ICANN has officially hired a new CEO to replace the Rob Beckstom. ICANN industry unknown Fadi Chehade is taking the top job — but there is a catch. He can't start for another 90 days, even though ICANN has been looking for a new CEO for months. Even better is Chehade's salary. ICANN will pay him $800,000 a year. Is the CEO of ICANN one of the highest paying jobs in the Internet governance landscape?"

4 of 141 comments (clear)

  1. Only fair by mwvdlee · · Score: 4, Insightful

    They got all those millions selling useless TLD's, they have to spend it somewhere.

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  2. Re:CEO Pay by the+eric+conspiracy · · Score: 4, Insightful

    You should have used sarcasm tags.

    The thing I've seen over the years is that the good CEOs make a big difference for their companies. With the effects of their decisions being as important as they are they can swing billions of dollars one way or another.

    The bad ones can ruin a company, or at least drive it into the gutter.

    The problem is that both the good and bad get extremely high pay, and only the good ones are worth it.

    The way CEO incentives work is all wrong.

    Then the way boards and CEOs interact is often broken too.

  3. Re:CEO Pay by ObsessiveMathsFreak · · Score: 5, Insightful

    I'm curious: how much do you think that someone who runs the internet should be paid?

    2.718 times the average industrial wage.

    I believe that's somewhere in the region of $135,000, but I don't have exact figures for the median US wage. The multiplier is obvious.

    Do you think it should be less than priceline.com ($50M), Qualcomm ($36M), Viacom ($31M), Time Warner ($20M), and eBay ($15M).

    Yes. Moreover, I think that such salaries should not be permitted in publicly listed, limited liability companies.

    Presumably, he has the skillset to do most of these jobs.

    A screaming money casting its dung around the office probably has the skillset to run run them as well, since running them into the ground appears to be the only thing modern CEOs actually do in return for their compensation. That and engage in crime, but I digress.

    I find that I am comfortable with this number.

    Then doubtless you will be comfortable with the corresponding increase in your tax bill required to pay for it and the multitude of linked salaries. Moreover, you will of course be perfectly contented in seeing your own wages decrease in value of in real terms to support the increasingly bloated and unearned salaries of the class you so admire. Enjoy your banana republic.

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  4. Re:CEO Pay by expatriot · · Score: 4, Insightful

    You had my interest until you suggested RMS running the internet. 800k is a bargain if that is the compitition.