Comments on: Cell Therapeutics, After Raising More Cash, Hands Some Out in Management Bonuses

By: Richard Orsyka

Richard Orsyka — Mon, 15 Jun 2009 03:56:51 +0000

If these guys are working, they deserve some compensation. But the bonuses are a bit of a slap in the face to their investors. Bonuses should be paid for accomplishments. This business of companies routinely paying bonuses to execs is weird. If they walk away b/c they didn’t get enough money, my bet is the company would be in the same shape after they leave as it was before. And investors can vote “NO” when the opportunities present themselves on the proxy cards.

By: poor

poor — Fri, 12 Jun 2009 16:18:30 +0000

I’m sure the rank-and-file employees (the ones doing the really hard work) aren’t getting fat bonuses.

By: Anon

Anon — Fri, 12 Jun 2009 14:54:25 +0000

If I read correctly these CTI execs got $1M in bonuses in 2008 which believe reflects a long history of “excess compensation” on top of premium salaries and benefits (although reportedly they sold the Company Plane a while back) compared to actual results in “contributing to the curing of cancer”.

By: Miss Comprehansion

Miss Comprehansion — Fri, 12 Jun 2009 01:00:08 +0000

Yo, Comprehension: your name must be ironic. The article says the bonuses *were* deferred but are now being paid.

Who the hell are the fools who keep investing in this scam? CTI has been diluted so many times. How can new investors not realize they will be diluted just like 20 rounds of investors before them?

By: BSCHILL

BSCHILL — Thu, 11 Jun 2009 20:58:50 +0000

It is very importand in times like this to keep the key players on board, happy and motivated. They are doing a great job and being conservative in the bonuses they allowed themselves.

Keep on working toward the goal of making other lives better.

By: Mr. Reality

Mr. Reality — Thu, 11 Jun 2009 13:26:23 +0000

Good point Gary. It’s not like they are selling cars or handing out loans to high risk customers. These people at CTI are trying to save lives.

By: gary grimes

gary grimes — Thu, 11 Jun 2009 12:30:21 +0000

the only dirtbag is Mr. wicked..I wonder what he has contributed to the curing of cancer..nothing ….

By: Mr. Reality

Mr. Reality — Thu, 11 Jun 2009 11:55:12 +0000

It’s not like 250k spread out between five guys is a whole lot of bonus money these days. Especially considering the CEO of my Co. (not mentioning names) got over 4 mil. in bonus this year with sales down over 25%. and after over 600 employees were let go. And I don’t see CTI asking for any tax payer handouts in place for their debt either. Hell, you can’t expect people to give their lives to their company and not reap any benefits, even in today’s recession. It’s 2009 not 1929!

By: Comprehension

Comprehension — Thu, 11 Jun 2009 03:48:55 +0000

Did you read the article? They are not getting anything until the company becomes sufficiently liquid. So, in effect, they will get their bonuses once the company is fruitful enough that you will not be able to consider them a failure.

By: Wicked

Wicked — Thu, 11 Jun 2009 02:42:51 +0000

Dirtbags. The company is a failure but still paying big bonuses. I hope they kept the plane for the Biancos.

By: News, Money and Drugs for Wednesday, June 10, 2009 | IguanaBio - A Daily Biotech and Pharma Tabloid - Gossip, News, Research, Humor and Updates on the Latest Events in Biotech and Pharma - Unique, Insightful, Truthful, Sometimes Sneaky

Thu, 11 Jun 2009 01:07:57 +0000

[...] Cell Therapeutics’ (CTIC) Bianco and Co. gets some nice payouts for stayin’ alive. [Xconomy] [...]