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</o:shapelayout></xml><![endif]--></head><body lang=EN-GB link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Here is the original announcement:<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><h2 style='background:white'><span style='font-family:"Arial","sans-serif"'>News Alert<o:p></o:p></span></h2><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:7.5pt;margin-left:0cm;background:white'><span style='font-family:"Arial","sans-serif"'><a href="https://www.icann.org/news/announcement-4-2014-08-01-en" target="_blank">https://www.icann.org/news/announcement-4-2014-08-01-en</a><o:p></o:p></span></p><div class=MsoNormal align=center style='margin-top:15.0pt;text-align:center;background:white'><span style='font-family:"Arial","sans-serif"'><hr size=2 width="100%" align=center></span></div><h2 style='margin-bottom:0cm;margin-bottom:.0001pt;background:white'><span style='font-family:"Arial","sans-serif"'>Board Extends Term of ICANN President<o:p></o:p></span></h2><p style='mso-margin-top-alt:11.25pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;background:white'><span style='font-family:"Arial","sans-serif"'>1 August 2014<o:p></o:p></span></p><p style='background:white'><span style='font-family:"Arial","sans-serif"'>The ICANN Board has extended by two years the contract of President and Chief Executive Officer Fadi Chehadé. It will now run until 30 June 2017.<o:p></o:p></span></p><p style='background:white'><span style='font-family:"Arial","sans-serif"'>"As we noted in the Board <a href="https://www.icann.org/resources/board-material/resolutions-2014-07-30-en" target="_blank">resolution</a>, taking this action will help ensure the stability in leadership that is important for ICANN," said Board Chair Dr. Stephen Crocker. "It also shows the support and confidence that the Board has in Fadi."<o:p></o:p></span></p><p style='background:white'><span style='font-family:"Arial","sans-serif"'>Chehadé's base salary will increase by 12.5 percent.<o:p></o:p></span></p><p style='background:white'><span style='font-family:"Arial","sans-serif"'>The Board resolution said, "The decision to increase Mr. Chehadé's compensation was done with recognition and acknowledgment of the work done by the Compensation Committee with Towers Watson to ensure that the increase recommended is reasonable and in line with comparable positions."<o:p></o:p></span></p><p style='background:white'><span style='font-family:"Arial","sans-serif"'>"I'm both humbled and honored by the Board's trust in me to lead this important organization at such a critical time," said Chehadé. "I'm glad to be able to expend my energy and passion towards ICANN's noble mission and great public responsibility. With focus, diligence and hard work, we will continue to evolve ICANN into a mature, global organization."<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span lang=EN-US style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> john@crediblecontext.com [mailto:john@crediblecontext.com] <br><b>Sent:</b> 03 August 2014 23:26<br><b>To:</b> Phil Corwin; bc-private icann.org (bc-private@icann.org)<br><b>Cc:</b> council@gnso.icann.org<br><b>Subject:</b> [council] RE: Salary increase to $900,000 for ICANN CEO<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><div><p class=MsoNormal>Phil,<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>This is pretty much a "by-the-numbers" approach to setting Mr. Chehade's salary. In fact, with an FY15 budget showing about $170 million US in revenue, studies show it could have been a couple hundred thousand more. I am sure the Board feels it has exercised discretion. This is reinforced by the fact that the CEO has to hit his performance marks to reach the total. <o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Mr. Chehade has publicly committed to letting the community participate in his performance review, but I have not yet seen the invitation. If I sound skeptical, it is because I am and because, even though the compensation can be easily justified by what others in his position make, it ignores the potential moderating effect of a likely supply of existing talent who would no doubt be equally able to get the job done. This is a common problem for businesses who seek to measure continuity by executive terms of service rather than investing in a shared commitment to the mission.<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Here in the U.S., baseball uses a performance measure called "Wins Above Replacement" (WAR) to assesses the value of a player. It seeks to answer the question: "How many wins does a player create over-and-above the number of games his team would win if he were replaced?" Really good players are at 5 or 6 WAR, the superstars are at 10. I wonder what Fadi's WAR would be?<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Cheers,<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><div><p class=MsoNormal>Berard<o:p></o:p></p></div><div><p class=MsoNormal> <o:p></o:p></p></div><blockquote style='border:none;border-left:solid #C2C2C2 1.5pt;padding:0cm 0cm 0cm 2.0pt;margin-left:3.0pt;margin-top:5.0pt;margin-bottom:5.0pt'><p class=MsoNormal>--------- Original Message --------- <o:p></o:p></p><div><p class=MsoNormal>Subject: [Bc-private] FW: Salary increase to $900,000 for ICANN CEO » The Milathan Post<br>From: "Phil Corwin" <<a href="mailto:psc@vlaw-dc.com">psc@vlaw-dc.com</a>><br>Date: 8/3/14 2:37 pm<br>To: "bc-private icann.org (<a href="mailto:bc-private@icann.org">bc-private@icann.org</a>)" <<a href="mailto:bc-private@icann.org">bc-private@icann.org</a>><br><br>FYI. Good post from Stephane.<br><br>The Board gave itself a raise as well.<br><br><br><br><a href="http://post.milathan.com/2014/08/salary-increase-to-900000-for-icann-ceo/">http://post.milathan.com/2014/08/salary-increase-to-900000-for-icann-ceo/</a><br><br><br>Philip S. Corwin, Founding Principal<br>Virtualaw LLC<br>1155 F Street, NW<br>Suite 1050<br>Washington, DC 20004<br>202-559-8597/Direct<br>202-559-8750/Fax<br>202-255-6172/Cell<br><br>Twitter: @VLawDC<br><br>"Luck is the residue of design" -- Branch Rickey<br><br>Sent from my iPad<br><br>-----<br>No virus found in this message.<br>Checked by AVG - <a href="http://www.avg.com">www.avg.com</a><br>Version: 2014.0.4592 / Virus Database: 3986/7783 - Release Date: 07/02/14 Internal Virus Database is out of date.<br>_______________________________________________<br>Bc-private mailing list<br><a href="mailto:Bc-private@icann.org">Bc-private@icann.org</a><br><a href="https://mm.icann.org/mailman/listinfo/bc-private">https://mm.icann.org/mailman/listinfo/bc-private</a><o:p></o:p></p></div></blockquote></div></body></html>