[Wikimedia-l] Wikimedia Foundation Report, February 2013

Garfield Byrd gbyrd at wikimedia.org
Wed Mar 20 23:56:58 UTC 2013


As I make progress on this issue, I will be reporting to the Wikimedia
Foundation Audit Committee.  Any significant changes, on this topic, will
be included as part of the scheduled reports of the Wikimedia Foundation.



On Wed, Mar 20, 2013 at 3:54 AM, Mathieu Stumpf <
psychoslave at culture-libre.org> wrote:

> Le 2013-03-18 21:45, Garfield Byrd a écrit :
>  Pine:
>> Our relationship with JP Morgan Chase is that they handle part of our
>> international banking.  This is a separate division of the bank from the
>> one that had the trading losses.  I agree with you that this type of news
>> report is not good news.  I have reviewed the information I have
>> available,
>> and have determined that the money JP Morgan Chase is holding for the
>> Wikimedia Foundation is not at risk.
>> When we did a review of banks that can handle our international
>> banking, unfortunately  all of the banks we looked at were involved in
>> some
>> sort scandal, from risky trades to LIBOR manipulation.  This is not an
>> ideal situation for a community based movement and I am continuing to look
>> at options for all or some parts of our international banking needs.
> Interesting, do you plane to make a public report on this topic?
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Garfield Byrd
Chief of Finance and Administration
Wikimedia Foundation
415.839.6885 ext 6787
415.882.0495 (fax)

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