On 04/13/2011 09:20 PM, John R. Levine wrote:
The amount of that registry fee is grounded nothing more than the assertion - an assertion made without supporting evidence - that Verisign needs that 7% registration fee every year in order to cover costs. (Similar gifts are made to the other registries.)
I believe that if you review the history, you'll find that's the amount that was adequate to make some lawsuits go away.
Yes. As I remember it, the famous ICANN 7% Solution (which also included the perpetual vesting of .com/.net into Verisign and the separation of .org) was a private deal worked out by one attorney from the law firm that created ICANN and which ICANN rather automatically accepted. It is always nice to buy one's way out of a lawsuit using someone else's money. --karl--