NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

Frankly Dr. Bala I have a qualm with virtually all the money that's being spent on CEO's etc everywhere, but it's the sort of greed that's become common in business. I frankly doubt that if you took all the people making over a million a year and moved the decimal point one to the left if many would resign, if it were happening everywhere.

It's been 50 years since I first went to Japan, and at that time the head of Sony there had the opinion that American execs. were greatly overpaid, he pointed out that at that time in Japan the CEO's typically were paid 10 times the wages of their senior workers. I suspect our executives today make at least a hundred times more than they did back then. To me the saddest thing is when a CEO gets a huge bonus for cutting costs by laying of thousands of employees. In Japan, at least back then, employees were looked on as your assets, and the job of the CEO and upper management was developing the products that kept the employees, their assets, working productively. It was a terrible failure on managements part if employees had to be laid off. I know things have changes some since then, but I can remember when millionaires were people worth a million or more in total, and they were few, now the numbers making more than a million a year are huge, and in many cases their bonuses are worth more than their salaries. Meanwhile, the cost of living adjustments for employees is held down to low single digit percentages, and minimum wage is well below a living income. It's sad, but it's reality.

Gary