Regret the Error

A previous version of this story incorrectly stated that Cell Therapeutics’ market capitalization is about $7 million, rather than $27 million, as well as incorrectly stated that if Starbucks (which had a difficult 2008 but only lost half its stock value) gave its top five officers a bonus equal to one-seventh of its market cap, the execs would walk off with a billion dollars, rather than if its top five officers a bonus equal to one-twentyseventh of its market cap, the execs would walk off with about $270 million. The story also incorrectly stated that Bianco had the highest base salary of all the local biotech leaders, including companies with 120 times the market value of Cell Therapeutics. Bianco had the highest base salary of all the local biotech leaders, including companies with 30 times the market value of Cell Therapeutics. Link