Amidst these tough times, ICANN gives its highest ranking execs huge pay raises

Prashant Sharan

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ICANN has just given some of its highest-ranking and richest execs pay rises of up to 15%, even as the world stands on the brink of a global recession and ICANN is predicting its own budget is on the verge of huge shrinkage.

Its board of directors has approved a set of pay deals that would see the CFO, Xavier Calvez — a man who has, year-after-year, consistently failed to predict fluctuations in the domain name industry with any degree of accuracy — a pay rise of 15%.

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