Who is dreaming up the cynical abstractions — holders of public shares who are entitled to information, or self-dealing c-suiters who hold as much information as close to their own chests as possible?
No one is questioning the idea of contracting in general. The question is whether it’s beneficial to shareholders to have the CEO of their company setting herself (and, possibly, unknown partners) up as the sole contractor upon which success of their investment depends. She pays herself, in the form of Toucan/Advent, with money from NWBio’s coffers. Is NWBio getting a good deal? If so, let’s see the books.
That other tycoons might set up similar self-dealing arrangements is no argument for their ethical standing or benefit to shareholders. They certainly benefit the negotiators. In this case “the negotiators” are principally one person.
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