Hmmm ... a prudent investment in low risk, low interest accounts would have been appropriate.
ICANN thought they did that when they lost the $5M. Like I said, they appear to have learned their lesson. The two accounts that Bill suggested are good for $250K apiece. That still leaves $351.5M to place. Any suggestions? I am no great fan of ICANN, but in an environment where interest rates are at 0.1%, the amount of interest they are forgoing is insignificant relative to the overall amounts involved, and any alleged plan to earn some interest generally brings more risk (often not apparent to the person proposing it) than reward. Regards, John Levine, johnl@iecc.com, Primary Perpetrator of "The Internet for Dummies", Please consider the environment before reading this e-mail. http://jl.ly