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If its shareholder capital or debt for the generic purchase it does amplify his duty to make a return for those shareholders Otherwise disincentivize companies
by rolltiide 7y ago
If its shareholder capital or debt for the generic purchase it does amplify his duty to make a return for those shareholders
Otherwise disincentivize companies limited by shares from being a part of these transactions
- anigbrowl 7y agoNah, this guy is just a psychopath. "I think it is a moral requirement to make money when you can," Mulye told the Financial Times, "to sell the product for the highest price." He's practically trolling people with the memtion of Shkreli.
- rolltiide 7y agoShkreli also was not an outlier, the mention of his actions are not inaccurate The only thing happening here is that 2 people per decade actually talk about what they’re doing and receive flak for that when it is clear it is the only practice in this market. If the reaction reflects how people feel then disincentivize companies limited by shares from being a part of these transactions
- TeMPOraL 7y agoSounds like a true believer in the free market; 'if everyone is as greedy as they can be, the market will self-balance into ethical system'.
- 34679 7y agoIf it was a free market, this man would have competition.
- amdavidson 7y agoHe does have competition, in fact he is the competition. He produces the generic version of the patented drug.
- yohannparis 7y agoHe is not wrong, as the CEO of a company it is his duty to maximize profit and returns to shareholders. Unless the company has different goals (like ethical, or helping the ill, etc.) by default it is to make money.
- anoncake 7y agoAs a human being, it is his duty to be ethical.
- yohannparis 7y agoNope, it is moral to be ethical. We have Laws and Justice system to enforce ethic.
- anoncake 7y agoLaws are merely what the state thinks (or claims) is ethical.
- lonelappde 7y agoThat's a myth that has been thoroughly debunked in this forum's archives.
- yohannparis 7y agoDo you mind sharing an example?
- QuesnayJr 7y agoDuty according to who? If he didn't raise the price by a factor of 4, you think shareholders could successfully sue?
- ilikehurdles 7y agoAccording to the very person the article is about: > "I think it is a moral requirement to make money when you can," Mulye told the Financial Times, "to sell the product for the highest price." For bonus points, it's coupled with > "I agree with Martin Shkreli that when he raised the price of his drug he was within his rights because he had to reward his shareholders," Mulye was quoted as saying. and > "I said I have to raise prices when I can -- how to get the best prices for my products, so that I can survive," Mulye told CNN. "It is about the survival of the business. It has nothing to do with morality." Frankly, every quote of the guy confirms further that he is a troll trying to emulate Trump's arrogance and stir shit up.