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Valeant Pharmaceuticals CEO: We’re in Business of Shareholder Profit, not Helping the Sick Pierson’s company is not in the business of curing disease and easing suffering. It exists to make big money for its shareholders, something that Pearson readily acknowledges: “[If] products are sort of mispriced and there’s an opportunity, we will act appropriately in terms of doing what I assume our shareholders would like us to do.” In “acting appropriately,” Valeant has raised the prices on several drugs this year – in some cases, as much as 800%. http://ringoffireradio.com/2015/10/09/valeant-pharmaceuticals-ceo-were-in-business-of-shareholder-profit-not-helping-the-sick/ It's official, pharma CEOs are psychopaths. I knew it. So https://www.youtube.com/watch?v=-IOuFCHfmmg, you told me they cared about us.
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Oct 9, 2015 21:57
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nationalize healthcare
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Oct 9, 2015 22:01
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Moridin920 posted:nationalize healthcare But then lazy government employees will make the system inefficient!!!!
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Oct 9, 2015 22:03
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they can send a man to the moon but they cant cure my gout
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Oct 9, 2015 22:06
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tbf at least hes honest shoot all pharma corp owners in the head and nationalise research, people are loving kidding themselves if they think you need a profit motive nerds just love figuring things out or we wouldnt have people meticulously studying coal prices in 17th century east prussia just because
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Oct 9, 2015 22:06
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CEOs are just as stupid as the average person. Why? Would an intelligent person jack the prices so drastically then basically brag about it causing a public outcry and having the attention turn to them during an election year? gently caress no. These people don't deserve the obscene wealth they have. There's no amount of work they are doing to justify it.
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Oct 9, 2015 22:29
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something something r&d costs, spends half the budget on commercials, ho-hum.
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Oct 9, 2015 22:31
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XMNN posted:tbf at least hes honest big pharm companies spend about 50% of their operating budgets on marketing.
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Oct 9, 2015 22:34
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Shouldn't these jerks at least pretend to care about their customers like other companies do? I guess it doesn't matter, even if this guy got fired and publicly disgraced he's still worth more money than I'll ever see in multiple lifetimes on this cruel wheel of rebirth
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Oct 9, 2015 22:34
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good, I'm glad of it
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Oct 9, 2015 22:35
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Oct 9, 2015 22:35
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Privatize all industry, monetize every aspect of life
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Oct 9, 2015 22:36
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Aralan posted:Shouldn't these jerks at least pretend to care about their customers like other companies do? I guess it doesn't matter, even if this guy got fired and publicly disgraced he's still worth more money than I'll ever see in multiple lifetimes on this cruel wheel of rebirth their customers need to be hosed up and sick so no not really
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Oct 9, 2015 22:37
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Moridin920 posted:CEOs are just as stupid as the average person. Unless he was planning on short selling the stock, thereby making more money than he would as the CEO of a company with a horrible reputation and makers of a rarely-used drug. That would make him a shrewd businessman.
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Oct 9, 2015 22:43
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Blue Train posted:their customers need to be hosed up and sick so no not really I love how this point gets glossed over when idiots spew talking points about competition and efficiency with regards to healthcare
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Oct 9, 2015 22:47
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Moridin920 posted:CEOs are just as stupid as the average person. Capitalism Property rights Checkmate 
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Oct 9, 2015 22:48
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Sounds like the guy was just good at his job. Rich people are job creators, who ever gets hired by a poor person? If you don't like this, you must have a problem with capitalism itself
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Oct 9, 2015 22:50
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What? I'm not allowed to sell something that I own, at a price of my choosing? If I let you set the price, you'd ask for it to be free.
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Oct 9, 2015 22:54
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Moridin920 posted:Why? Would an intelligent person jack the prices so drastically then basically brag about it causing a public outcry and having the attention turn to them during an election year? gently caress no. It's aimed at the shareholders. Valeant stock dropped over 30% last month (because they are a poo poo company).
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Oct 9, 2015 23:14
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Wait what 25 years and their patents expire anyway? Play the long game
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Oct 9, 2015 23:15
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He's worth $1.5 billion thanks to his business model of slashing research budgets and buying other companies to jack up the prices on their existing drugs
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Oct 9, 2015 23:22
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 Wall Street and the world will be a better place.
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Oct 9, 2015 23:24
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Nationalize everything and kill everyone with a net worth over a billion
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Oct 9, 2015 23:25
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How about you people read Marx and post less
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Oct 9, 2015 23:26
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stupid sexy flanders
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Oct 9, 2015 23:29
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If you are starting to feel the spirit of liberation orienting you against capitalism, don't just start saying or doing stupid hyperbolic things like "hurrrrr kill all the bad rich mans" Rather, the key to victory is  учиться! Commie NedFlanders fucked around with this message at 23:33 on Oct 9, 2015 |
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Oct 9, 2015 23:31
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Bump
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Oct 11, 2015 04:50
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Aralan posted:Bump whoa
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Oct 11, 2015 04:50
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he was just increasing shareholder value you can't fault him for that!!
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Oct 11, 2015 04:51
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Right? Crazy
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Oct 11, 2015 04:57
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Aralan posted:Bump Could be syphilis. Take a picture and post it here
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Oct 11, 2015 05:03
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tetsuo posted:he was just increasing shareholder value you can't fault him for that!! If he wasn't good at his job, they would fire him and hire the next shark in line. A man's gotta work
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Oct 11, 2015 05:05
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how shocking. i'm shocked. what a revelation. wow
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Oct 11, 2015 05:07
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criscodisco posted:Unless he was planning on short selling the stock, thereby making more money than he would as the CEO of a company with a horrible reputation and makers of a rarely-used drug. sounds like insider trading to me Pipski posted:It's aimed at the shareholders. Valeant stock dropped over 30% last month (because they are a poo poo company). if I was a shareholder I'd be pissed as gently caress that the CEO made a comment like that. there's no benefit to it. obviously the company wants profits above all else, we don't need that reiterated - not right after the biotech/pharma industry in general took a dump on the market after one comment from Hillary Clinton. Moridin920 fucked around with this message at 05:48 on Oct 11, 2015 |
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Oct 11, 2015 05:46
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Nationalize the pharmaceuticals, how are life saving drugs still a for profit industry
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Oct 11, 2015 06:18
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Aralan posted:Nationalize the pharmaceuticals, how are life saving drugs still a for profit industry Because THIS IS loving AMERICA. Git out
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Oct 11, 2015 06:21
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Aralan posted:Nationalize the pharmaceuticals, how are life saving drugs still a for profit industry *mumbling*...inefficient, government waste...*mumbling*...bureaucrats instead of doctors...*incoherent mumbling*...DEATH PANELS!!!
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Oct 11, 2015 06:27
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OBAMAAAAAAAAAAAAAAA CAAAAAAAAAAAAAARE this poo poo loving depresses me and the only way i can think of to change it is literally start assassinating wealthy people
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Oct 11, 2015 06:35
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Healthcare in America is hosed up - more at 11.
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Oct 11, 2015 06:44
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Jk guys, it's actually cool and good that you can make a company insanely successful and profitable by destroying its ability to make new ways to cure illness and instead buy out other companies that are doing that so you can charge more for existing therapies
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Oct 11, 2015 07:20
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