EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

08.09.16

“EPO Shows an Operating Loss of €145,000,000”

Posted in Europe, Finance, Patents at 10:47 am by Dr. Roy Schestowitz

Benoît Battistelli is wasting money and is driving the EPO into a wall

Wasting money
And with the UK’s diminishing hopes of UPC, what would he have left to show for it?

Summary: Based on the latest financial statements of the EPO, Benoît Battistelli would have to declare bankruptcy if he wasn’t so unaccountable and dismissive of accounting

THE EPO does not appear to be doing too well under Battistelli’s management, even from a fiscal point of view. He made his contract a closely-guarded secret with some saying that he doubled (or more) his salary (a massive salary in the context of any public office in the EU), he is wasting millions of Euros on his ludicrous lobbying events, he hired PR agencies even from the US (over a million dollars on that alone for just one year), and he pretends all is well and the money flows in like water while many senior examiners take early retirement to escape him.

“Benoît Battistelli will surely be remembered as one who crashed the EPO as we once knew it, emitting lots of worthless patents in haste like Robert Mugabe printing lots of worthless banknotes…”Extensive surveillance (Control Risks) and militarised forces including unnecessary bodyguards that cost a fortune are among other ‘luxuries’ of Battistelli, even if some of these defy European laws. Then there are the massive contracts without tenders (even tens of millions of Euros for each contract), the terrible IT spendings that make it into a black hole, and other budgetary issues that we have covered here over the years.

Suffice to say, those who will pay the price are past and present (and maybe future) employees; none of that stuff, as listed above, is free/gratis after all. Battistelli runs the EPO like Bush ran the US (into debt, into totally avoidable war, and into the ground on grounds of credibility). Here is a comment that showed up today, claiming (with evidence) that “the EPO shows an operating loss (of EUR 145 million), largely due to an increase of over EUR 260 million in “Employee benefit expenses”.” Here is the full comment:

What do you mean by a surplus? I am no accountant, but it appears to me that the latest financial statement (for 2015) produced by the EPO shows an operating loss (of EUR 145 million), largely due to an increase of over EUR 260 million in “Employee benefit expenses”.

http://documents.epo.org/projects/babylon/eponet.nsf/0/6C4CC693A4FAA752C1257FE2004A2CE8/$File/financial_statements_2015_en.pdf

I know that the figures presented need to be taken with a pinch of salt, especially due to the lack of oversight in the preparation of the figures. However, even the “sanitised” figures show what appears to be a huge hole in the pension fund. That is, there are liabilities of EUR15,828 million relating to “defined benefits”, which completely dwarfs the EPO’s current equity of less than EUR8,000 million. It also dwarfs the current assets of the pension, which were reported as just under EUR6,600 million.

I would be keen to know what “Remeasurement defined benefit obligations” means, though. This is because the EPO appears to have found over EUR4,750 million down the back of the sofa in 2015 thanks to that little accounting trick.

This does raise an interesting question, though. Has BB been brought in to deal with the black hole in the pension fund? Can the major effects of his policies be understood as being aimed at maximising current operating profit and minimising pension liability? If so, it would appear that EPOnia is a microcosm of society at large, with current workers (and users of the system) effectively paying the price for the over-generous benefits awarded to the generation that preceded them.

A lot of these expenses are associated with early departures — something which, as we pointed out yesterday, happened a lot in the past two years because of Battistelli and his ‘reforms’.

Benoît Battistelli will surely be remembered as one who crashed the EPO as we once knew it, emitting lots of worthless patents in haste like Robert Mugabe printing lots of worthless banknotes (“231 million percent peak hyperinflation in 2008,” according to Wikipedia).

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email
  • Google Bookmarks

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

What Else is New


  1. “Microsoft's Deadly Love” by Alessandro Ebersol (Agent Smith)

    Full credit goes to PCLOS Magazine for publishing this good piece, which we’re reproducing



  2. Links 2/7/2020: Microsoft Partner Says GNU/Linux Share in Desktops/Laptops at 4% Even After Lock-downs, OpenSUSE Leap 15.2 and Mageia 8 Alpha 1 Released

    Links for the day



  3. Why People Should Never Ever Use DuckDuckGo

    DuckDuckGo is another privacy abuser in disguise; the above forum thread enumerates key reasons



  4. After 2 Years and 2 Days António Campinos is a Perfect Leader, Fostering EPO Abuses While Smiling

    EPO corruption persists, but this time the corruption enjoys better marketing/PR and complicit (or at best silent) media



  5. [Humour] As If Monopolies for Life Will Save People's Lives...

    The mentality of monopoly or the mindset of patent maximalism has been quick to exploit the deaths of half a million



  6. IRC Proceedings: Wednesday, July 01, 2020

    IRC logs for Wednesday, July 01, 2020



  7. IBM-Funded FSF Censors Itself on Software Patents

    Donald Robertson’s article bemoaning and openly condemning the U.S. Patent and Trademark Office (USPTO) over software patents, which it illegally grants in some cases, was modified a week later; and why? One can only guess… (but remember that the FSF’s foremost sponsor is lobbying against 35 U.S.C. § 101 and for software patents)



  8. [Humour/Meme] Remember That As Recently as Last Year Microsoft Was Still Shaking Down and Even Suing Companies Over 'Linux Patent Infringement'

    There's no 'new Microsoft' except a (better at) lying Microsoft; its covert actions tell us a lot about its ongoing hatred of GNU/Linux, which it is assaulting in new and more sophisticated ways



  9. Contrary to Common Misconceptions, Free Software is More 'Corporate' or More 'Enterprise-Grade' Than Proprietary Abandonware (All Proprietary Software Will Die)

    Free software can leverage the superficial and bland boardroom lingo/slang to promote itself; it would definitely harm or dilute/weaken the terms which proprietary software giants like to leverage against us



  10. Social Control Media Will Not Exist One Day

    Digital obsolescence and Internet bitrot — that’s what Social Control Media is really good for; as many Google+ ‘users’ (useds) found out, they’re just being ‘farmed’ for their ‘content’, which is neither valuable nor resilient (definitely of no value to Google)



  11. What Freedom of Software Actually Means to Us

    Liberty or libre (freedom) is about more than brands or personalities, as names or institutions or individuals can change or completely perish; but concepts outlast superficialities



  12. [Humour] Thinking Beyond Just the Linux Brand

    We're supposed to believe that because "Linux" is dominant we finally have freedom; but almost all the very big companies that are using GNU/Linux leverage it for freedom-hostile purposes and keep about 99% of their code secret from us, so the fight for software freedom must go on



  13. Corporate Media Blames 'China' and 'Open Source' for Back Doors in Microsoft's Intentionally Flawed Proprietary Software That's Causing Chaos

    'Red Scare' tactics are being used to divert attention away from Microsoft's incompetence and conspiracy with the NSA (to put back doors in everything, essentially making all software inherently vulnerable, by design)



  14. Microsoft Has Infiltrated Authorities and/or Their Consultation Processes

    In the European Union, the United States and just about everywhere else in the world one can find Microsoft officials replacing public officials, as if the decision-making too has been outsourced to the "Good Folks" from Microsoft



  15. Links 1/7/2020: Tails 4.8, Serpent OS

    Links for the day



  16. IRC Proceedings: Tuesday, June 30, 2020

    IRC logs for Tuesday, June 30, 2020



  17. EPO Management Celebrates the Lowering of Patent Quality While Granting Invalid Patents (IPs) Instead of European Patents (EPs)

    Europe's most autocratic institution continues to cheat and lie to everybody; even twice in one day, together with... the Communist Party of China (through CNIPA)



  18. Links 30/6/2020: OpenSUSE Leap 15.2, 4MLinux 34.0 Beta and IPFire 2.25 - Core Update 146

    Links for the day



  19. [Humour] There's Always a Way... (to Grant Patents on Almost Anything)

    The referral from European Patent Office (EPO) President António Campinos leaves the door open to patents on life, provided one paints those as uniquely clever, e.g. GMO (same tricks for software patents in Europe with “Hey Hi” — an overblown buzz wave)



  20. Crocodiles Can Only Ever Fake Empathy

    Greenwashing, pinkwashing, openwashing and abduction of various authentic civil rights movements (centered around gender, race, and sometimes economic issues) is very easy and cheap relative to the depths of corporate pockets; the problem is, those things help distract the 'masses' from objectively immoral and universally unacceptable acts



  21. [Humour/Meme] History in the Making or History Being Rewritten?

    he idea that history can just totally eliminate particular people and particular views overlooks the very nature of historical studies; banning words impedes the telling of history itself and society cannot tackle the underlying issues without talking about them



  22. A Lot of Things Are Offensive to Someone and Appeasing the Easily Offended is an Endless Adventure That Can Offend Free Speech Ideals

    Free speech may be the main casualty of the recent flamewars, which were initially rationalised as ethics-driven and nowadays boil down to speech police



  23. Feeling Vindicated About the Harms of Social Control Media Being Widely Recognised

    The cleansing of social control media sites reinforces our long-held views about social control media in general



  24. [Humour/Meme] ZDNet Promoting LOT/OIN as a Force for Good. Says a Lot About ZDNet...

    ZDNet has long been a mouthpiece or a parrot for LOT and OIN (overlaps exist); that says so much about the software patents agenda of ZDNet and its parent company, which became defunct 6 months ago, then passed to friends of Bill Gates (privately-owned)



  25. Linus Torvalds Explains Why GNU/Linux Development Speeds Up (Likely Owing to Coronavirus Lock-downs)

    The COVID-19 pandemic has so far boosted not only GNU/Linux market share; it's also speeding up development, leaving proprietary software players in the ashes (it's harder for them to make sales and to pay their developers)



  26. IRC Proceedings: Monday, June 29, 2020

    IRC logs for Monday, June 29, 2020



  27. The MeatHub

    Coding liberates! Join Microsoft's MeatHub today!



  28. [Humour] “Technological Progress is Like an Axe in the Hands of a Pathological Criminal,” Albert Einstein, Famous European Patent Clerk

    The European Patent Office’s (EPO) António Campinos and Benoît Battistelli continued their regime of illegal digital surveillance; is anyone holding them accountable? No.



  29. The Rumours of North Carolina Layoffs and the Atmosphere at IBM/Red Hat Under New Management

    IBM would send the wrong message if it laid off even a single Red Hat employee; we shall be watching closely how IBM changes (if at all) its patent policy and what kind of staff it is planning to let go (maybe the in-house lawyers, which would be a sign of progress)



  30. Links 29/6/2020: GnuCash 4.0, Firefox 78 Available

    Links for the day


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts