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Wednesday, December 09, 2015

Shrinking Circles

This is Martin Shkrell.  He is 32 and the CEO of Turing Pharmaceuticals. He has become a "public villain" and apparently the face of one of the deadly sins; i.e. Greed.  Turing acquired a company that made a life-saving drug that sold for $13.50 per pill, which seems to me pretty steep if you have to take them daily, or even weekly, over a long period of time.  Overnight Mr. Shkrell changed the price of this drug to $750 per pill.  Hence the greedy villainy.

Mr. Shkrell sees nothing shocking in this or even out-of-the ordinary and continues to thumb his nose at anybody who voices an objection.  Personally, what was shocking to me was that several people in my circle of friends see nothing wrong with this.  It is therefore a symptom of why my circle of friends is rapidly shrinking.
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Update 12/18/2015:  Mr. Shkrell was hauled off  to the clink in a pre-dawn arrest yesterday morning on charges of hedge-fund fraud in a "Ponzi-like" scheme.  Couldn't happen to a nicer guy.  Maybe Bernie Madoff needs a cellmate for the next couple of decades.

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