Finally, a Corporate Raider - more politely and misleadingly called Private Equity Manager - gets his just deserts. Raiders leverage & destroy companies all the time, of course, but rarely with such obvious lethal results as Shkreli's raising a 50-year old drug from $13.50 to $750 a pill.
Maybe this will restrain other pharma companies from ripping off consumers via decades old monopolies.
Read the rest of the story HERE:
Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)