Re:Martin Shkreli Arrested on Securities Fraud Charges
by gizmo on Thursday December 17, 2015 @08:49AM
(#10751397)
He's the CEO of two companies.
In the case of Turing Pharmaceuticals he's the CEO because he founded the company and it's funded by his hedge fund buddies, who like him because they made a lot of money from his hedge fund MSMB, despite the hedge fund being a failure.
He'a also the CEO of KaloBios. In that case he bought, with the same buddies, 70% of the company stock. As the new majority shareholder he simply appointed himself CEO.
Re:Martin Shkreli Arrested on Securities Fraud Charges
by Osiris on Thursday December 17, 2015 @12:34PM
(#10752867)
KaloBios is down 50%: http://www.marketwatch.com/story/martin-shkreli-losing-over-...
Re:Martin Shkreli Arrested on Securities Fraud Charges
by dasil003 on Thursday December 17, 2015 @09:46AM
(#10751712)
I think unless you called it "the fucking cocaine" he would probably not even hear the words coming out of your mouth.
Re:Martin Shkreli Arrested on Securities Fraud Charges
by ultramancool on Thursday December 17, 2015 @09:15AM
(#10751521)
I doubt he'll be a CEO much longer considering that interview and these charges, shareholders will probably want him out pretty quick.
Makes you wonder who made or approved of him being CEO.