Merck CEO Kenneth Frazier got the best advice of his life from his father at age 13, and it has helped him persist in making unpopular decisions.As a young teenager growing up in inner-city Philadelphia, Kenneth Frazier's father gave him the"single most important piece of advice" in his life.
The advice would help Frazier make unpopular decisions, including to invest in research and development at Merck and quitting President Donald Trump's business council after a white supremacist rally in Charlottesville. When Frazier was a young, basketball-playing teenager, the popular style of athletic sneaker shifted — from high-top canvas to leather. Frazier was the last of his friends to still be shod in the out-of-favor style, and people were making fun of him for it. He came home one day complaining, and said he was going to quit the sport.
He even offered to buy Kenneth new shoes, going so far as to count out the money. But it was a trick. Instead of new shoes, Kenneth would get a drubbing from his father — and guidance that today still stands as"the single most important sentence that has ever been uttered in my life."
His father told him to quadruple the prices of prescription drugs
Was the advice “Find a job where you profit from disease and sickness, then charge whatever you want to cure them?”
The price the Americans get drugs for is despicable.
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