How about take that money and invest it in something worth while….

And given the issue made it to congress, where Paul Twomey took a beating under questioning from lawmakers, it’s clear they are the ones that matter, not those self-serving attempts to avoid accountability by ICANN staffers and insiders. Anyone can go watch the videos on the US government’s website to see who is right.

Also, as you must know perfectly well this issue was dealt with in some length in a blog post on Circle ID with the CFO explaining the process and reasoning behind ICANN’s investment policy.

On that same post, your comments, George, were described as a “huge over-reaction” and as the result of a “kneejerk mentality where everything that ICANN does is Evil“.

That said, I will look into whether the note accompanying the figures is also updated monthly.

Cheers

Since the stock market and bond markets fluctuate, I find it hard to believe that the loss would not have gone up and down in months. Why isn’t ICANN updating the true figure on a monthly basis, like it does other numbers?

Of course the right thing to do was to have never invested the emergency reserve fund in volatile assets to begin with, as discussed in depth on CircleID months ago (i.e. there is a big difference between endowments and emergency reserve funds). Rod Beckstrom, who has a finance background like myself, should certainly know this too.