[arin-discuss] Legacy RSA

[Hutchison, Tine]

How do you come to the conclusion that attendance at VON is a $400k
mistake?  You're certainly implying that since you compare it to a
single event held in Monte Carlo.

Looking at ARIN's books, they had working capital of $20,413,323 at
year-end 2006.  Last year, they added over $3,000,000 to retained
earnings.  It looks like they're making the decision that having more
than 2 years of operating expenses in the bank is enough and they're
making an effort to reduce their additions to retained earnings going
forward by increasing their outreach and spending in other areas
relevant to their mission as outlined in the articles of incorporation
(http://www.arin.net/about_us/corp_docs/artic_incorp.html).

Tine  

-----Original Message-----
From: arin-discuss-bounces at arin.net
[mailto:arin-discuss-bounces at arin.net] On Behalf Of Dean Anderson
Sent: Friday, November 02, 2007 2:23 PM
To: Internet Partners, Inc. Tech Support
Cc: arin-discuss at arin.net
Subject: Re: [arin-discuss] Legacy RSA

On Fri, 2 Nov 2007, Internet Partners, Inc. Tech Support wrote:
> 
> Dean, I agreed with you in general on VON but the horse is dead.
> Have you ever considered the possibility that ARIN Management simply 
> doesen't know what shows to go to?

This isn't a one-time mistake. It appears to be a $400,000+ mistake.

OSF got in trouble on a similar issue in 1988, before I started. They
had a member meeting in Monte Carlo, and paid to have most of the staff
go to Monte Carlo.  They spent around $500,000.  It was a real blast, I
heard.  Just after I started, the VP I worked for was fired as a result
of the boondoggle.

A $400,000+ blunder should be investigated, and the manager(s)
responsible should be fired.  We call that accountability. Membership
organizations are accountable to the membership.

		--Dean

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