Property News · April 29, 2016

Who invented the cash machine? I did – and all I earned was £10


James Goodfellow patented the first ATM and created the first pin code but, unlike those in the financial industry who command vast salaries, he effectively earned nothing for his all-conquering contributionSometimes life just isn’t fair. Mark Zuckerberg created Facebook and is now worth an estimated $48bn (£33bn). James Goodfellow also invented something used by millions of people around the world every day – the cash machine – but it didn’t make him rich. In fact, on the eve of the 50th anniversary of his invention, the 79-year-old told Guardian Money that he earned just $15 (around £10) from the patent, and has not made a penny more from it since.“You can imagine how I feel when I see bankers getting £1m bonuses. I wonder what they contributed to the banking industry more than I did to merit a £1m bonus. It doesn’t make much sense to me, but that’s the way of the world,” Goodfellow says. Continue reading…

Source : theguardian.com
Read more…Who invented the cash machine? I did – and all I earned was £10

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