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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Mighty whiteboard of truth': The weapon Rep. Katie Porter used to school a pharma exec
and plenty othersRep. Katie Porter (D-Calif.) got out her marker and scrawled a figure on the whiteboard beside her: $13 million.
Do you know what this number is? she asked Mark Alles, the former CEO of the pharmaceutical company Celgene, as he testified remotely before the House Oversight Committee on Wednesday. Does it ring any bells?
Alles could hardly get his answer out before Porter scribbled more math on the board. That multimillion figure his total compensation in 2017 was already 200 times the average income in the United States, the congresswoman pointed out. It got even larger, she said, after Celgene needlessly tripled the cost of a cancer medication, thus securing himself hefty bonuses in return.
Isnt that right, Mr. Alles? she asked him. If you hadnt increased the price ... you wouldnt have gotten your bonus.
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https://www.msn.com/en-us/news/politics/mighty-whiteboard-of-truth-the-weapon-rep-katie-porter-used-to-school-a-pharma-exec-%e2%80%94-and-plenty-others/ar-BB19BuNj?li=BBnb7Kz
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'Mighty whiteboard of truth': The weapon Rep. Katie Porter used to school a pharma exec (Original Post)
Yo_Mama_Been_Loggin
Oct 2020
OP
Brother Buzz
(36,458 posts)1. Sage advice for weasels
When Rep. Katie Porter pulls out her trusty whiteboard, head for the hills, brothers.
whathehell
(29,090 posts)2. I Love her!
:
gratuitous
(82,849 posts)3. Alles was lucky to appear by teleconference
I suspect he was pissing himself by the time Rep. Porter got done flaying him over the extra $500,000 he'd pocketed for jacking up the price on its medication.
This kind of naked greed always has me asking the question, "What did Alles need that bonus money for? Why wasn't $10 million in compensation enough? Why did he have to dick over sick people for an additional $3 million?"
CatLady78
(1,041 posts)4. K&r.nt