Numlock News: July 14, 2020 • Listerine, Vegas, Mars
www.numlock.com
By Walt Hickey Mouthwash A full 140 years ago, the inventor of Listerine signed a contract stating that the producer of the product would have to pay shareholders in perpetuity. It’s a ridiculous contract, one that means that as long as Listerine exists, some people are getting paid by Johnson & Johnson. A share of those royalties — functionally a license to print an amount of money annually — is up for sale, and 110 bids in the price is up to
Numlock News: July 14, 2020 • Listerine, Vegas, Mars
Numlock News: July 14, 2020 • Listerine…
Numlock News: July 14, 2020 • Listerine, Vegas, Mars
By Walt Hickey Mouthwash A full 140 years ago, the inventor of Listerine signed a contract stating that the producer of the product would have to pay shareholders in perpetuity. It’s a ridiculous contract, one that means that as long as Listerine exists, some people are getting paid by Johnson & Johnson. A share of those royalties — functionally a license to print an amount of money annually — is up for sale, and 110 bids in the price is up to