Pros
- In its rawest concept, the X PRIZE Foundation is a great idea: think up some seemingly impossible task, and dangle a large cash prize to lure the best and the brightest to complete it. - There are numerous employees who are brilliant, kind people.
Cons
- In actuality, the creativity is lacking. The prize ideas that get funded are completely within the realm of possibility currently, and are frequently things that have already been done. - The brilliant, kind people get fired at Christmas time after devoting years of service. - The approval process is dismal, and entirely too time consuming. Frequently, the people you need to approve things are not in the office (Senior management takes numerous vacations and unnecessary travel). - Senior management and consultants are overpaid, and normally only in the office a maximum of 4 days a week. - After securing a multi-million dollar donation for operations, two key workers were fired for no apparent reason.