08.09.16

Gemini version available ♊︎

“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 in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

DecorWhat Else is New


  1. The Demolition of the EPO Was Made Possible With Assistance From Countries That Barely Have European Patents

    The legal basis of today's EPO has been crushed; a lot of this was made possible by countries with barely any stakes in the outcome



  2. The EPO’s Overseer/Overseen Collusion — Part XXII: The Balkan League - North Macedonia and Albania

    We continue to look at Benoît Battistelli‘s enablers at the EPO



  3. Links 24/10/2021: GPS Daemon (GPSD) Bug and Lots of Openwashing

    Links for the day



  4. Links 24/10/2021: XWayland 21.1.3 and Ubuntu Linux 22.04 LTS Daily Build

    Links for the day



  5. IRC Proceedings: Saturday, October 23, 2021

    IRC logs for Saturday, October 23, 2021



  6. Links 24/10/2021: Ceph Boss Sage Weil Resigns and Many GPL Enforcement Stories

    Links for the day



  7. GAFAM-Funded NPR Reports That Facebook Let Millions of People Like Trump Flout the So-called Rules. Not Just “a Few”.

    Guest post by Ryan, reprinted with permission



  8. Some Memes About What Croatia Means to the European Patent Office

    Before we proceed to other countries in the region, let’s not forget or let’s immortalise the role played by Croatia in the EPO (memes are memorable)



  9. Gangster Culture in the EPO

    The EPO‘s Administrative Council was gamed by a gangster from Croatia; today we start the segment of the series which deals with the Balkan region



  10. The EPO’s Overseer/Overseen Collusion — Part XXI: The Balkan League – The Doyen and His “Protégée”

    The EPO‘s circle of corruption in the Balkan region will be the focus of today’s (and upcoming) coverage, showing some of the controversial enablers of Benoît Battistelli and António Campinos, two deeply corrupt French officials who rapidly drive the Office into the ground for personal gain (at Europe’s expense!)



  11. Links 23/10/2021: FreeBSD 12.3 Beta, Wine 6.20, and NuTyX 21.10.0

    Links for the day



  12. IRC Proceedings: Friday, October 22, 2021

    IRC logs for Friday, October 22, 2021



  13. [Meme] [Teaser] Crime Express

    The series about Battistelli's "Strike Regulations" (20 parts thus far) culminates as the next station is the Balkan region



  14. Links 23/10/2021: Star Labs/StarLite, Ventoy 1.0.56

    Links for the day



  15. Gemini on Sourcehut and Further Expansion of Gemini Space

    Gemini protocol is becoming a widely adopted de facto standard for many who want to de-clutter the Internet by moving away from the World Wide Web and HTML (nowadays plagued by JavaScript, CSS, and many bloated frameworks that spy)



  16. Unlawful Regimes Even Hungary and Poland Would Envy

    There’s plenty of news reports about Polish and Hungarian heads of states violating human rights, but never can one find criticism of the EPO’s management doing the same (the mainstream avoids this subject altogether); today we examine how that area of Europe voted on the illegal "Strike Regulations" of Benoît Battistelli



  17. The EPO’s Overseer/Overseen Collusion — Part XX: The Visegrád Group

    The EPO‘s unlawful “Strike Regulations” (which helped Benoît Battistelli and António Campinos illegally crush or repress EPO staff) were supported by only one among 4 Visegrád delegates



  18. [Meme] IBM Has Paid ZDNet to Troll the Community

    Over the past few weeks ZDNet has constantly published courses with the word "master" in their headlines (we caught several examples; a few are shown above); years ago this was common, also in relation to IBM itself; clearly IBM thinks that the word is racially sensitive and offensive only when it's not IBM using the word and nowadays IBM pays ZDNet — sometimes proxying through the Linux Foundation — to relay this self-contradictory message whose objective is to shame programmers, Free software communities etc. (through guilt they can leverage more power and resort to projection tactics, sometimes outright slander which distracts)



  19. [Meme] ILO Designed to Fail: EPO Presidents Cannot be Held Accountable If ILOAT Takes Almost a Decade to Issue a Simple Ruling

    The recent ILOAT ruling (a trivial no-brainer) inadvertently reminds one of the severe weaknesses of ILOAT; what good is a system of accountability that issues rulings on decisions that are barely relevant anymore (or too late to correct)?



  20. Links 22/10/2021: Trump's AGPL Violations and Chrome 95 Released

    Links for the day



  21. [Meme] How Corporate Monopolies Demonise Critics of Their Technically and Legally Problematic 'Products'

    When the technical substance of some criticism stands (defensible based upon evidence), and is increasingly difficult to refute based on facts, make up some fictional issue — a straw man argument — and then respond to that phony issue based on no facts at all



  22. Links 22/10/2021: Global Encryption Day

    Links for the day



  23. [Meme] Speaking the Same Language

    Language inside the EPO is misleading. Francophones Benoît Battistelli and António Campinos casually misuse the word “social”.



  24. António Campinos Thinks Salary Reductions Months Before He Leaves is “Exceptional Social Gesture”

    Just as Benoît Battistelli had a profound misunderstanding of the concept of “social democracy” his mate seems to completely misunderstand what a “social gesture” is (should have asked his father)



  25. IRC Proceedings: Thursday, October 21, 2021

    IRC logs for Thursday, October 21, 2021



  26. Links 21/10/2021: MX Linux 21 and Git Contributors’ Summit in a Nutshell

    Links for the day



  27. [Meme] [Teaser] Miguel de Icaza on CEO of Microsoft GitHub

    Our ongoing series, which is very long, will shed much-needed light on GitHub and its goals (the dark side is a lot darker than people care to realise)



  28. Gemini Protocol and Gemini Space Are Not a Niche; for Techrights, Gemini Means Half a Million Page Requests a Month

    Techrights on gemini:// has become very big and we’ll soon regenerate all the pages (about 37,500 of them) to improve clarity, consistency, and general integrity



  29. 'Satellite States' of EPO Autocrats

    Today we look more closely at how Baltic states were rendered 'voting fodder' by large European states, looking to rubber-stamp new and oppressive measures which disempower the masses



  30. [Meme] Don't Mention 'Brexit' to Team UPC

    It seems perfectly clear that UPC cannot start, contrary to what the EPO‘s António Campinos told the Council last week (lying, as usual) and what the EPO insinuates in Twitter; in fact, a legal challenge to this should be almost trivial


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