| I don’t understand how this “sale” is legal in the first place. PIR is a legal 501(c)3 nonprofit. You can’t really sell a nonprofit to a for-profit company except in unusual and rare circumstances. In California, I know you need a letter from the state Attorney General to do so. There are also federal restrictions on sales like this, particularly around self-dealing transactions. This transaction was obviously self dealing. Someone seriously needs to dig into this. The PIR board members could be in big legal trouble. And also ICANN, which is a 501(c)3 nonprofit as well and is subject to self-dealing restrictions. This is obvious, plain as day corruption. In the business world, not much can be done. But these are two nonprofits (PIR and ICANN), so something can and should be done. These kind of transactions aren’t normally legal. Like, just read the examples of what an illegal self dealing transaction is in the eyes of the IRS: https://boardsource.org/resources/private-benefit-private-in... “Keep Our City Beautiful, a membership organization, plants a city alley with elaborate flowering bushes. The alley is not heavily traveled but the decorations increase the attractiveness of the city’s main restaurant whose owner is a member of the organization.” ICANN clearly engaged in an illegal self dealing transaction by allowing their former CEO to enrich himself with a deal that would otherwise not be possible. Edit: please see https://news.ycombinator.com/item?id=21658324 for a “what you can do right now” |
What stops people from getting together, agreeing that a private equity firm would be a poor steward of the .org TLD, choosing somebody else to operate it instead, and pointing the NS records there instead?
Nobody really owns the DNS. It's a thing that works because there is a broad consensus on how it should work. If the consensus is that this is a dumb idea then what's stopping people from choosing not to go along with it?
And staging a coup over this would set a good precedent that these types of flagrant money grabs are not to be tolerated.