Another success for Dick and Bobby!15 Jun 2021 00:26
While a lot has been written here about the alleged "greed" of Jonathan Gold, it's important to remember that this company was repeatedly shafted and its carcass left for dead not by Gold, but by the staggering incompetence, greed, and arrogance of former execs Dick Morgan and Bobby Bertoldi. It appears that everything they have touched for the last 25 years or so has been left a smoldering turd, while Messrs. Bertoldi and Morgan walked off with millions-- a fair amount stashed in the Caymans it appears-- and Motif was no exception. Had these howling buffoons been less greedy, there would have been considerably more financial runway left to deal with the setbacks in the clinical trials process. As it was, the trail of destruction and empty coffers they leave in every company they touch means that they had very few options left.
Gold, a former employee of theirs, was only brought in in a staggeringly cowardly attempt by Tweedle-Dee and Tweedle-Dum to drop the bloody remains of their golden goose in someone else's lap, leaving him to take the fall. While Gold may have been due for a big payout, given the experience of countless others who had the misfortune to work with Dick and Bob, it was probably due him as danger money. He wasn't around during the earlier destruction and looting of Motif by the self-regarding Morgan and Bertoldi, who seemed more interested in picking a good bottle of wine (or hiring people who could) than in building a good company. My condolences to those who have lost thousands while lining the pockets of these serial losers. But many lost much more than that, and today's vote is a sad end to what could have been a great and noble company doing good work for humanity. But "that's how the game is played down there"...isn't it, Dick?