17 December 2015
Notes on The Hilarious Arrest of Martin Shkreli (Updated)
Sometimes pigs like this just make themselves too delicious to the authorities.
Some may say, "Ahh, he's rich, he'll get off." No, probably not. They seem to have a pretty good case against him, and given the nature of the case (that he stole from one of his companies to pay off debts on a bad investment) that he so publicly bragged about paying $2 million for a goddamn record (again, fuck the Wu-Tang Clan. They claimed they didn't know, but they did and that's why they kept it secret) does not help him at all.
Also, remember Bernie Madoff or that dude from Enron? This is clearly an example the FBI and SEC are trying to make. Because he's perfect for it; he's young, he's an unlikable shit that tried to bleed sick people for money, and there are SO many pictures of him looking like a douche. Also, it seems that he DOESN'T really have so much money, at least liquid, as he pretended. This guy will likely get everything thrown at him.
That's how the system works: they get to pretend they go after such guys, which is good PR for them, while the system itself is maintained. And while in a macro sense that's terrible, just because not everyone is caught doesn't mean we shouldn't be happy when one such as this is, at least. You don't let all shoplifters go just because you missed some.
I'm guessing he has no support from the present board, who might even have helped precipitate this. That's how you get rid of a CEO who's a liability like him. I mean, they like money, but they want it to be sustainable. This guy had all the business grace of a crack addict. A steady stream of consumers paying less than that is better than excluding most of them from even buying it.
There's rumors his board has been not that pleased with this when they look at the long term. Especially given the only reason he could do it was no one else was making the drug; but it's not in patent anymore, and wasn't when he pushed up the price. Now at least one other company is making it and charging less. He wrecked their monopoly that previously no one had even been aware of.
That's why he didn't get hit for monopolistic behavior--technically anyone can make it.
Some are saying, "But it's not for the awful thing he did!" Well, (a) it is, just a different one, and (b) it took the IRS to get Capone too, but he was gotten. Whatever it takes. Same reason I have no problem using sexual misconduct against Republicans. Out is out.
UPDATE: And he IS out. He's resigned, so whether he goes to jail or not, he is out of the way. Thank you Santa!
___________________
Hey, let's not be so hasty to rush to judgment on Martin Shkreli. All we're basing that on is literally everything he's ever said and done.
— John Overholt (@john_overholt) December 17, 2015
Lucky for @MartinShkreli there are no AIDS victims in prison.
Oh, wait...
— John L. Roberson (@jlr_1969) December 18, 2015
 |
A Couple of Weeks Ago: "If Taylor Swift offered to come over and suck my dick, I might let her listen [to the $2 million Wu-Tang Clan album]" |
Sometimes pigs like this just make themselves too delicious to the authorities.
 |
Today: Smile Nuked Off His Face, Which the Hoodie Doesn't Hide |
Some may say, "Ahh, he's rich, he'll get off." No, probably not. They seem to have a pretty good case against him, and given the nature of the case (that he stole from one of his companies to pay off debts on a bad investment) that he so publicly bragged about paying $2 million for a goddamn record (again, fuck the Wu-Tang Clan. They claimed they didn't know, but they did and that's why they kept it secret) does not help him at all.
Also, remember Bernie Madoff or that dude from Enron? This is clearly an example the FBI and SEC are trying to make. Because he's perfect for it; he's young, he's an unlikable shit that tried to bleed sick people for money, and there are SO many pictures of him looking like a douche. Also, it seems that he DOESN'T really have so much money, at least liquid, as he pretended. This guy will likely get everything thrown at him.
That's how the system works: they get to pretend they go after such guys, which is good PR for them, while the system itself is maintained. And while in a macro sense that's terrible, just because not everyone is caught doesn't mean we shouldn't be happy when one such as this is, at least. You don't let all shoplifters go just because you missed some.
I'm guessing he has no support from the present board, who might even have helped precipitate this. That's how you get rid of a CEO who's a liability like him. I mean, they like money, but they want it to be sustainable. This guy had all the business grace of a crack addict. A steady stream of consumers paying less than that is better than excluding most of them from even buying it.
There's rumors his board has been not that pleased with this when they look at the long term. Especially given the only reason he could do it was no one else was making the drug; but it's not in patent anymore, and wasn't when he pushed up the price. Now at least one other company is making it and charging less. He wrecked their monopoly that previously no one had even been aware of.
That's why he didn't get hit for monopolistic behavior--technically anyone can make it.
Some are saying, "But it's not for the awful thing he did!" Well, (a) it is, just a different one, and (b) it took the IRS to get Capone too, but he was gotten. Whatever it takes. Same reason I have no problem using sexual misconduct against Republicans. Out is out.
UPDATE: And he IS out. He's resigned, so whether he goes to jail or not, he is out of the way. Thank you Santa!
___________________
Labels: bastards, capitalism, crime, HA ha, have you seen the little piggies
¶ December 17, 2015
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