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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?"

6 of 141 comments (clear)

  1. Reason by leromarinvit · · Score: 5, Funny

    Q: Why do you pay your CEO so much?
    A: Because ICANN.

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    Proud member of the Ferengi Socialist Party.
  2. Re:CEO Pay by Herkum01 · · Score: 5, Informative

    Yeah, I mean, he has to run the business unit, ensure that sales and marketing are doing their jobs and that products are delivered to stores. Oh wait, HE AIN'T running a business at ALL!

    People keep trying to rationalize these salaries as if there is some CEO shortage. Really it all about the good ole boy network and I will pad your salary and you pad mine. I remember after the banking crash in 2008 and they had someone reviewing salaries at banks. Every banking officer claimed that they were above average and deserved a raise!

    I tell you what, lets set some goals for this guy as a CEO and if it meets them then he can have his huge salary. Otherwise this is just a welfare check to the overpaid.

  3. Re:CEO Pay by hondo77 · · Score: 5, Interesting

    Competition for qualified talent is difficult at the CEO level.

    Says who?

    --
    I live ze unknown. I love ze unknown. I am ze unknown.
  4. Re:CEO Pay by ShanghaiBill · · Score: 5, Informative

    the average CEO made 380 times what the average worker made in 2011.

    No. The average CEO made far, far less than that. The figure you quote is only for CEOs of 300 of the largest public corporations. It doesn't include the millions of smaller corporations.

  5. Ruin the internet? by gstrickler · · Score: 5, Funny

    Or am I the only one who first read it that way?

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  6. 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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    May the Maths Be with you!