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Different countries have different ways of wasting money, but glass houses. In the USA, wasted money mostly goes to execs and shareholders rather than workers,
by jrochkind1 6y ago
Different countries have different ways of wasting money, but glass houses.
In the USA, wasted money mostly goes to execs and shareholders rather than workers, but I doubt the scale is less. From today's news...
https://www.nytimes.com/2021/04/21/us/politics/emergent-johnson-johnson-covid-vaccine.html https://www.nytimes.com/2021/04/21/us/politics/emergent-john...
> Federal Inspectors Fear More Vaccines Were Exposed to Contamination
> Last month, up to 15 million doses of Johnson & Johnson’s vaccine had to be discarded at Emergent’s factory in Baltimore. A new report says problems were not fully investigated and other doses may be compromised.
> …Though the government gave Emergent a $163 million contract in 2012 to ready the Baltimore plant for mass production in a pandemic, the site remained largely untested, and the company did not meet a requirement for demonstrating its rapid-response capabilities… Nonetheless, the government went on to award Emergent a $628 million contract last June…
>… In another finding, the F.D.A. regulators wrote that the Bayview building “is not maintained in a clean and sanitary condition.” Nor is it “of suitable size, design and location to facilitate cleaning, maintenance and proper operations,” they said.
> …Throughout 2020, its founder and chairman, Fuad El-Hibri, cashed in shares and options worth over $42 million, and the company’s chief executive, Robert Kramer, was recently awarded a $1.2 million cash bonus.