Comment Statues (Score 2) 38
Seriously, there should be statues in some hall of shame at a prominent business school for Robert Shapiro and everyone that followed him at Monsanto and Bayer. They had developed and patented some of the best plant gene insertion technology, and instead of creating a ton of wealth, basically destroyed a ton of otherwise unrelated wealth. It almost seems laughable now that they spun off Sygenta in the '90's to avoid PCB liability, only to double down on glyphosate and "glyphosate-ready" seeds shortly thereafter and use the cash flows to acquire a bunch of promising life sciences companies that will lie in comparative ruin. To say nothing of how their failure to effectively manage accusations of replanting and maintain decent PR made them pariahs, both here on slashdot and in the minds of many of their customers.
They can't even come clean in the linked announcement- the "far less funding" of the 2020 settlement was US$10B (US$19B in 2026 dollars) and has already gone out the door. If they put $19B toward the same problem that the current settlement addresses in the next four years, there'd be *way* more money paid to class claimants.
They can't even come clean in the linked announcement- the "far less funding" of the 2020 settlement was US$10B (US$19B in 2026 dollars) and has already gone out the door. If they put $19B toward the same problem that the current settlement addresses in the next four years, there'd be *way* more money paid to class claimants.