[CPWG] [registration-issues-wg] Fwd: ISOC sells PIR

[sivasubramanian muthusamy]

On Thu, Nov 14, 2019, 2:17 AM Maureen Hilyard <maureen.hilyard at gmail.com>
wrote:

> Just read the articles, and I suspect that ISOC has decided to give the
> business responsibility of .ORG away to Ethos Capital so that they can
> concentrate on their chapters and their core business.  Also it must have
> seemed to be growing conflict of interest trying to be fair to all etc when
> it came to funding projects etc. An outside organisation / foundation could
> be more objective
>
> At our last PIR Advisory Council meeting, PIR assured us that prices would
> be kept to a "reasonable" level despite the removal of the cap and that the
> company would maintain .ORG in support of organisations working for social
> good. The link to Fadi Chehade is interesting as well as the registration
> of the Ethos company on the day the PIR agreement was finalised.
>



> But the problem is once Ethos takes its slice and PIR takes its share for
> admin, etc, how much will be left for ISOC?
>

In a message on the Chapter Leaders forum I asked a similar question but
understood it to be irrelevant. Andrew Sullivan clarified that Ethos
Capital has fully acquired PIR. The proceeds from the sale of PIR would
form a corpus fund which would sustain the Internet Society in the long
term. The of slices does not arise.

It is a wise decision so far as the rationale is to steer clear of various
inevitable controversies associated with commercial pursuits. The Internet
Society has huge public interest responsibilities, but (forgive me for the
pun), the Public Interest Registry has been a distraction due to the
commercial components associated with the operation of a Registry.

It might have been preferable to have insisted on a Acquisition Value + a
recurrent share of revenues / profits, but in a complex legal environment,
even such an arrangement would have perpetuated the legal liabilities.

Sivasubramanian M




>
> It does however for those of us still embroiled in the ICANN auction
> proceeds dilemma, this could add another mechanism to the mix, with Ethos
> Capital as an external organisation that could work with ICANN and a
> non-ICANN Org Management Body to manage its projects and the distribution
> of its funding.
>
> M
>
> On Wed, Nov 13, 2019 at 9:52 AM Maureen Hilyard <maureen.hilyard at gmail.com>
> wrote:
>
>> I know for sure that this was not even hinted at during the last PIR
>> Advisory Council meeting.. but it will have major implications for the ISOC
>> chapters. What are they/ISOC thinking?
>>
>> Maureen
>>
>> On Wed, Nov 13, 2019 at 7:59 AM Marita Moll <mmoll at ca.inter.net> wrote:
>>
>>> Had we known this was lurking in the background -- which it most
>>> certainly was at the time -- it might have been a different discussion. How
>>> much did ISOC know and when did they know it -- a question ISOC chapters
>>> might want to ask.
>>>
>>> Marita
>>> -------- Forwarded Message --------
>>> Subject: ISOC sells PIR
>>> Date: Wed, 13 Nov 2019 17:38:29 +0000
>>> From: Stephanie Perrin <stephanie.perrin at MAIL.UTORONTO.CA>
>>> <stephanie.perrin at MAIL.UTORONTO.CA>
>>> Reply-To: Stephanie Perrin <stephanie.perrin at MAIL.UTORONTO.CA>
>>> <stephanie.perrin at MAIL.UTORONTO.CA>
>>> To: NCSG-DISCUSS at LISTSERV.SYR.EDU
>>>
>>>  I must say, this casts the decision to drop price caps for .org in a
>>> slightly different light.  I will keep you posted as I learn more.
>>>
>>>
>>>
>>> https://www.businesswire.com/news/home/20191113005661/en/Ethos-Capital-Acquire-Public-Interest-Registry-Internet
>>>
>>>
>>> Stephanie Perrin
>>>
>>> NCSG Chair
>>>
>>>
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