VeriSign Registrars Nix ICANN Budget
Date: Monday June 24 2002, @06:49AM
Speaking "on behalf of the VeriSign Registrars" -- including VeriSign Registrar (singular, formerly Network Solutions Registrar), NameSecure, SRSPlus, and NameEngine -- Network Solutions director Bruce Beckwith has announced "that ICANN's proposed budget [for FY 1 July '02 - 30 June '03] remain at the same levels as the current budget."
Beckwith's email to the registrars constituency mailing list denies that they're "rejecting the current budget proposal outright," but the rationale could hardly be more damning:
As most organizations, we at VeriSign develop budgets that are based on fairly specific assumptions about functions, structure, organization, activities, and their consequent effect on expenses. Most organizations do the same. It would not be a sound business strategy for any organization, profit or non-profit, to enter into major new spending commitments at the very time that they are in the midst of a strategic review.... [W]e are simply stating that at this point in time, given the major review that is underway, it is not fiscally prudent for a budget to enter into significant new, long term, financial commitments that will increase the current budget by 25% or more....
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