{"id":180290,"date":"2017-06-01T19:31:00","date_gmt":"2017-06-02T00:31:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/06\/01\/dayum\/"},"modified":"2017-06-01T19:31:00","modified_gmt":"2017-06-02T00:31:00","slug":"dayum","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/06\/01\/dayum\/","title":{"rendered":"Dayum!"},"content":{"rendered":"

It appears that the latest group of people to take offense at Myan Pharmaceuticals’ rapacious greed is its own shareholders<\/a>:<\/p>\n

A group of disgruntled Mylan investors<\/a> launched a campaign late Tuesday to block the re-election of six directors over their exorbitant\u2014and increasing\u2014compensation. That\u2019s according to a report in the Wall Street Journal. <\/p>\n

In a letter sent to fellow shareholders, the group lambasted hefty bonuses and salary increases that came as the company faced backlash for the skyrocketing price of its life-saving EpiPen devices. Such outrage is likely to continue given that a new government report released today suggests that Mylan overcharged taxpayers $1.27 billion dollars<\/a> for EpiPens over 10 years.<\/p>\n

The ongoing EpiPen pricing scandal has caused Mylan “significant reputational and financial harm<\/a>,” the investors complained. Yet directors continued to be rewarded. The investors were particularly critical of Chairman Robert Coury, who received more than $160 million in compensation in 2016 and will receive a $1.8 million per year \u201ccash retainer\u201d as part of a deal made with Mylan last year. Trade publication FiercePharma reports that Coury is the highest-paid executive<\/a> in the drug industry.<\/p>\n

\u201cMylan\u2019s board reached new lows in corporate stewardship in 2016 when it agreed to make extraordinary and egregious payments in 2016 and over the next five years,\u201d the investors wrote in the letter. <\/span><\/p><\/blockquote>\n

Seriously, these folks just need to buy a Persian cat, affect a German accent, and practice the phrase, “No Mr. Bond, I expect you to die!”<\/p>\n","protected":false},"excerpt":{"rendered":"

It appears that the latest group of people to take offense at Myan Pharmaceuticals’ rapacious greed is its own shareholders: A group of disgruntled Mylan investors launched a campaign late Tuesday to block the re-election of six directors over their exorbitant\u2014and increasing\u2014compensation. That\u2019s according to a report in the Wall Street Journal. In a letter …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[365,368,364,567],"class_list":["post-180290","post","type-post","status-publish","format-standard","hentry","tag-business","tag-corruption","tag-evil","tag-pharma"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180290"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=180290"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180290\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=180290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=180290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=180290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}