Re: [Tccc] Questions on IEEE Cost/Benefit Analysis and Fiscal transparency

To those who are interested in checking the financial health of IEEE, please see
http://www.ieee.org/portal/cms_docs_iportals/iportals/aboutus/annualreport/2008/ieee_annual_report_08.pdf

This will open some eyes and allow you to put forth arguments with more knowledge and understanding. As you can see IEEE is in fairly great financial shape (most of the loss is due to investment loss like everyone of us) and for the past year the conf. revenues were about $130M , the expenses were about $107.5M and that is a gain of about $22.5 M.

The treasurer's report points to the following
1. Intellectual property revenue increased US$12.6 million primarily due to the sale of IEEE's Electronic Library (IEL),
which represented US$10.8 million of the increase.
2. Conference revenue increased US$4.0 million exclusive of intellectual property revenue from conference proceedings
included above.
3. Other revenue increased US$2.6 million.

So do you see any reason for IEEE management to change the model? So is this waste of time debating the cost of attendance or too many meetings or anything else since it is not going to get any better.

Ravi Sankar
[r.sankar@ieee.org]

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