Tuesday, April 21, 2009

Rescue deCODE Genetics, not GM!

21 April 2009

I have posted previously about the landmark work that deCODE Genetics is carrying out in Iceland.

Unfortunately, this trailblazing company has overextended itself by taking on far-reaching research projects based on the analysis of genetic factors linked to the development of a wide range of human diseases.

deCODE announced on March 31, 2009 that it has run out of funds, is probably no longer a "going concern," and that it will now be divesting its various business units if possible.

Let me make a simple point.

deCODE Genetics is carrying out work that will benefit all of humanity for millennia to come.

General Motors has overextended itself by paying premium salaries to its employees and offering excessive bonuses and other perks to its executives and managers for decades, leading it into an unsustainable business situation.

deCODE Genetics and General Motors are thus in similar circumstances.

However, here is the difference. deCODE Genetics overextended itself doing work that will potentially aid every human being on this planet.

General Motors overextended itself by diverting its revenues to its executives and frontline workers at the expense of operating a profitable business for the benefit of its shareholders.

Rescuing deCODE Genetics would provide lasting benefits to every one of us and all of our descendants.

Rescuing GM will preserve a corporate dinosaur with a legacy of decades of horrible business practices.

I'm serious, let's reorganize the multi-trillion dollar financial rescue programs now being advanced by every Western government and fund the continuing operations of deCODE Genetics - thereby permitting GM to bear the natural consequences of its lengthy and well-documented history of mismanagement.

Somebody else will manufacture the cars and trucks we need if the inefficient automakers are let go.

By way of contrast, if deCODE Genetics goes out of business, important work to promote human health and wellbeing will be delayed for years if not decades to come.

Our priorities are simply wrong.

Here's a desperate suggestion to save deCODE, as no politician in any party is likely to adopt the rational course of action that I am proposing.

Let's set deCODE Genetics up as a registered international charitable foundation. I for one would contribute voluntarily to preserve and promote the work of this wonderful company. deCODE Genetics stands head and shoulders above General Motors by every standard that I can think of. I would rescue this company personally if I only had the means to do so! I wish a few more politicians thought in the same way that I do....

In the interim, I urge those who are interested to consider taking advantage of the innovative "deCODE Me" personal genome scan service now being offered by this company. Believe me, science fiction has now come to life, and the deCODE team are perhaps the leading pioneers in the visionary and critically important field of personal genetic analysis!

(On a side note - I received a personal notice from deCODE today that they have received the personal genetic samples necessary to begin my personal Cardio Scan. I'll be receiving my results very soon!)


  1. I agree with you.

    I think you summed up the entire disgusting, futility of the entire bail out process in one post.

    Here we have a company that has something to offer not receiving the support it should, while a company that has nothing to offer (not to mention is corrupt, inefficient and serving only the CEOs and Union employees)get bailed out to carry on not providing the public with anything they really want or need.

    Shameful corruption of capitalism.

  2. And what else is new under the sun?

    Were I an Arab sheik or a Wall Street tycoon, I would be channelling my funds to keep this company operational - profitable investment or no. This single company has the potential to offer the world more than the entire program of the Bill and Melinda Gates Foundation! Let's keep deCODE afloat if at all possible!

  3. You had me at "Rescue deCODE Genetics, not GM!"

  4. Let me mention now that deCODE provided my cardio scan results quickly and efficiently (in May 2009). I have found the results personally helpful. I already knew that I have a family history of heart attack and stroke, and my own risks in these areas were confirmed. However, I learned that my primary genetic risk is for atrial fibrillation, a condition about which I previously knew little - and now know more. I will be taking precautions thanks to deCODE. Honestly, I wish I had the wealth of Bill Gates or Warren Buffett. I would invest every penny of it in this company whether it produced a profit or not. deCODE could possibly be the most worthy company on the planet! I just wish I could do more to help advance their valuable work....