Pharma boss barred from industry for life over price gouging

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Pharma boss barred from industry for life over price gouging via IrishTimesBiz

The move alarmed politicians and the public, who were already worried about risingMost pharmaceutical executives raise prices more quietly and gradually, and with reassurances about ensuring patient access, but Shkreli seemed unrepentant. He became known as “pharma bro” for his brash attitude in the face of criticism. The BBC called him possibly “the most hated man in America”.

The judge found that Shkreli had violated state and federal antitrust laws and that his former company, now known as, had brought in $64.6 million in excess profits from its sales of Daraprim because of that conduct.

 

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IrishTimes Lol the IT a solid 5 years behind the news

In Capitalism, the CEO is chosen by the board, the board consists of wealthy shareholders, so in essence, the board was the people responsible for the price increase, not the CEO who was just 'following orders'. Was the price ever reversed? If not, then they got away with it.

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