Soriot points out that Europe now faces a double threat. On one hand, major pharmaceutical companies are investing heavily in the United States to avoid their products being heavily taxed by the Trump administration. On the other, China is already a leader in generics and has become a formidable competitor in innovative medicines.
This is why you get a huge C-suite salary, so stop complaining and do your job. Fund R&D and faetorics and make sure we keep having competitive drug to beat US and China.
I am pissed off by these companies requesting government bailoat when things go wrong but giving huge dividends as investor took risk and CEO get talents when things go right
do your job
This is his job. C-Level isn’t so much steering a company as it’s representing it and asserting influence. If public fear mongering advances the companies interests then he’s the one to do it.
Pascal Soriot is the highest paid CEO in the United Kingdom.
According to the Financial Times, he was paid £16.9 million last year. Despite this, he privately told the chairman of the board that he isn’t satisfied with his compensation. He wants to be paid far more.
https://www.ft.com/content/fb9f6c33-c745-468b-bb21-cd253b448e44
https://www.ft.com/content/c7226781-b45b-4502-ba38-129dea5e960e
Some questions for Mr. Soriot.
1. If the Drug Industry is as competitive as you claim, how can it afford to pay such lavish compensation?
2. How much money is paid to your average researcher?
3. Why do you systematically compare yourself to US CEOs? Why don’t you compare yourself to Chinese CEOs?
This dude is hollowing out his own company. They keep firing chunks of departments with no one that knows how to do those jobs. (Source my wife was fired, and her best friend says no one knows how to do the jobs of those fired)
Corpo translation: “Taxpayer, subsidise me!”
… unless you give us freebies and subsidies.
I would say governments should probably own some of these type of companies then but considering how the people are and governments as result are I can’t imagine a way out.
What a loser mentality.
Capitalist says things to scare others and aid capitalist. Ignore them and move on.
This reminds me a bit on the Ford CEO Jim Farley who has been claiming that China is too far ahead and the Western car industry is doomed. Reports often with the same quotes circulate also here on Lemmy, many of them posted by OP. It’s the same “Europe bad, China good” narrative all the time.
It’s the same “Europe bad, China good” narrative all the time.
That’s not bad if we discuss the problems and figure out solutions. However if the problems cannot be solved then it is demotivating.
What kind of audience are we?
