Senator McCaskill is tired of your shit
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"McCaskill went on to openly mock Martin Shkreli, CEO and founder of Turing, for callously raising prices while spending millions to be the sole owner of a Wu-Tang Clan album. (Later in the hearing, she simply referred to Shkreli as “Mr. Wu-Tang.”)"
source: http://arstechnica.com/science...
source: http://arstechnica.com/science...
Shkreli's tortured logic for the overnight 50x drug price increase is that's the only way Turing Pharm. can "raise enough revenue to develop new medicines for debilitating illnesses", because apparently getting more funds from investors is too hard – an existing one wanted him to raise the price even more. Maybe non-asshole investors who don't expect Mafia-level returns are hard to come by thanks to his bad bets in previous hedge funds, one of which ended with him shell gaming money from a previous *biotech* firm to cover losses ($65M lawsuit pending).
He says the Wu-Tang money is personal and separate thanks to two big stock shorts and a 9-figure gain when he dumped all his shares in the company that fired him (because of the shenanigans that brought the suit). I don't really care about the sourcing details of this Objectivist sociopath's lucre, and I hope senators mocking him is just the beginning.