4 ms·
Perhaps we should do a sovereign wealth fund kind of thing where that type of funding grants the US taxpayer some common shares with no voting preference -- but
by mikeyouse 3y ago
Perhaps we should do a sovereign wealth fund kind of thing where that type of funding grants the US taxpayer some common shares with no voting preference -- but if you think pure ROI -- $1.7B in investment to save millions and millions of lives worldwide isn't actually that problematic.
- henryfjordan 3y agoThe investment isn't the problem, the profits are. We clearly could've only spent $1.3B for the same outcome.
- JamesBarney 3y agoIt is not straight forward that in the counterfactual where we limited CEO pay with government grants in 2010 we would 100% still have a Moderna. I imagine CEOs would be a more hesitant to take government grants if we did. And if they didn't take the 1.7b maybe everything would be the same, or maybe the company would have died/rolled out the vaccine 2 years later. How profitable do we want to make pandemic preparedness? I think we should make it wildly profitable.
- twoodfin 3y ago$400 million in Moderna stock in 2023 doesn’t pay for vaccine clinical delivery in 2020!