[At-Large] ICANN Strikes it Rich!

[Sivasubramanian M]

Dear John,

351.5M with zero interest earnings, after a year or two, will not buy what
351.5M buys today. An investment plan for the short and medium term is
required. ICANN could come up with a safe and conservative plan.

Sent from Turiya MID
http://turiya.mobi
On Nov 3, 2012 6:01 PM, "John R. Levine" <johnl at iecc.com> wrote:

> > Hmmm ... a prudent investment in low risk, low interest accounts would
> > have been appropriate.
>
> ICANN thought they did that when they lost the $5M.  Like I said, they
> appear to have learned their lesson.
>
> The two accounts that Bill suggested are good for $250K apiece.  That
> still leaves $351.5M to place.  Any suggestions?
>
> I am no great fan of ICANN, but in an environment where interest rates are
> at 0.1%, the amount of interest they are forgoing is insignificant
> relative to the overall amounts involved, and any alleged plan to earn
> some interest generally brings more risk (often not apparent to the person
> proposing it) than reward.
>
> Regards,
> John Levine, johnl at iecc.com, Primary Perpetrator of "The Internet for
> Dummies",
> Please consider the environment before reading this e-mail. http://jl.ly
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