[At-Large] ICANN Keeps it Money in a Non-Interest Bearing Account!
Carlton Samuels
carlton.samuels at gmail.com
Fri Nov 2 23:12:50 UTC 2012
This thing has got my goat.
I'm now prepared to say this decision by ICANN management approximates a
gift.....to less than deserving bankers. And all this while some elements
cavil and carry-on about an At-Large mission to the IGF 2012!
Its as if there is no understanding that money has time value!
Now, I spent a little while as a senior banker. And while I'm sanguine
that bankers tend to the poorly with use of information, they surely in
this case must know this is a gift in spades to them.
One of my distinguished correspondents, a guy I know thinks outside the
box, had this to say "*A decision to forego fair market value is
essentially a decision to gift that fair market value onto another.*".
Yessir, that it is!
And we could fairly say this decision constitutes a repudiation of the duty
of the officers to the public benefit.
- Carlton
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Carlton A Samuels
Mobile: 876-818-1799
*Strategy, Planning, Governance, Assessment & Turnaround*
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