Recent Posts
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- Epik gets acquired again! The plot thickens…
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ICANN CEO gets 5% pay rise
Kevin Murphy,
February 11, 2021, 20:34:07 (UTC),
Domain Policy
ICANN’s board of directors has awarded CEO Göran Marby a 5% pay rise after a review found that he’s being paid less than half of his peers at other companies.
Based on Marby’s last-reported base salary of $673,461, the increase amounts to a bump of $33,673.
He’s also still eligible for a 30% annual bonus, which he usually gets a piece of.
The board justified the move by stating that a third-party review found Marby’s salary was below 50% of CEOs at other non-profits, general industry and high-tech companies. Using for-profit companies in the mix sometimes proves controversial.
The board said that he’s only received one pay raise before in the five years he’s been on the job — a 3% increase in 2019.
His new pay comes into effect in July.
ICANN says its “compensation philosophy is to pay base salaries within a range of the 50th to 75th percentile of the market for a particular position.”
It says that even with the new raise, Marby’s pay still comes in outside of the lower end of that window.
Marby’s contract was recently extended by two years to 2024, over the objections of two directors.
Nice work if you can get it! 🙂
Did you ever get it?
I think you mean 2024 Kevin!
Doh! 🙂