Re: [IFWP] Re: Hilights from today's hearing

[Karl Auerbach]

> > > >You missed my point, I think.  There is no one else with standing 
> > > >vis a vis NSI to do anything at all about it.  
> > > 
> > > What about the shareholders?
> > 
> > And remember, even individuals and non-commercial entities can become NSI
> > shareholders. It only takes about $75 plus brokerage fees to become a full
> > voting member of NSI with rights to attend meetings and bring legal
> > actions should the officers or directors behave improperly.
> 
> Oh.  I see.  The "Internet community" can get their data back by
> collectively buying up a majority of the shares in NSI, and forcing
> the directors to return it. 
> 
> You *are* joking, aren't you?  I hope?

What is the joke is that NSI, a private for-profit company, is far more
open and responsive than is ICANN.

One can only cry at the fact that ICANN has run up such a dept to Jones
Day and Mike Robert's family company that future boards will be doing
nothing but raising funds to pay off the debts incurred by the current
opaque board.

And what did it take to find out that ICANN is legally insolvent - a
Congressional hearing!

                --karl--