cposch

Why ARIAD Pharmaceuticals Needs an SEC Investigation

Look at the history of this company since the IPO.

Look at the performance of the company since the IPO (excluding the hype and bubble of 2000 which was a complete hoax).

Look at the abysmal failures of products since the IPO.

Look at all the personnel and Directors who have resigned since the IPO.

Look at the AGTI agreement in the first place. How many CEOs of public companies design a scheme whereby the CEO is allowed to be rewarded financially in a private subsidiary, by products funded by the public company and financed by public investors?

Look at Harvey Berger's compensation arrangement since the IPO. Last year his total package was roughly $1 million - (which the company bleeds 10's of millions of dollars a year, with no commercial product, and many empty promises).

This company is nothing but a money machine for Dr. Berger and a couple others. Everyone else is funding their lives.

As a shareholder in this company, I strongly advise the author of this article and others, to contact the SEC at the email address provided, and also contact the largest percentage holders in Ariad to voice their opinion to author a proxy to kick Dr. Berger out of his position.

This company, in my opinion, will always be a failure as long as Dr. Berger is running it. Look at history, and what he has brought to shareholders - nothing but losses. Not for him, however....I'm sure he's made millions off public investors.