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There is also an administrative cost to auditing and paying these royalties.
by spoonjim 5y ago
There is also an administrative cost to auditing and paying these royalties.
- kingcharles 5y agoRight, it's not insignificant. Buying up all the available royalties would reduce this factor to zero for JnJ.
- spoonjim 5y agoThere might be so many individual holders that buying up all the royalties would be infeasible and they are not even going to try. I can imagine with inheritances from 1881 the royalty stream might be owned by 100+ different entities by now.