Published On: Mon, Dec 21st, 2015

Turing’s Bad-Boy Boss Martin Shkreli Faces Fraud Charges

Martin-Shkreli-arrestThe drug company CEO, who has drawn criticism for dramatic price increases for some life-saving drugs, was arrested Thursday. Though Shkreli has become the face of pharmaceutical company greed, his arrest is not likely to make concerns about drug costs disappear. 

The Associated Press: Pharma’s Bad Boy: Livestreaming, Rap-Fan CEO Faces Charges
He’s a millionaire music aficionado who riled rap fans by buying the only known copy of an album by the Wu-Tang Clan. He’s an unabashed self-promoter who livestreams his daily life and boasts he’s “the world’s most eligible bachelor” and “the most successful Albanian to ever walk the face of this Earth.” And he’s an equally unabashed provocateur who jousts online with his critics. Now, prosecutors say Martin Shkreli is a fraudster. (12/18)

The New York Times: An Executive’s Arrest Gives Drug Makers Cover
During his three months as a household name, Martin Shkreli has been a walking, talking (incessantly) personification of one of the pharmaceutical industry’s worst nightmares — the greedy drug company executive. So his arrest Thursday on securities fraud charges might bring some private cheer to pharmaceutical company executives, who blame him for setting off a public uproar over drug prices. (Pollack, 12/17)

Reuters: Pharma CEO Arrest A Sign Of Health Sector Ills
Fraud charges against Turing Pharmaceuticals boss Martin Shkreli are a symptom of the sector’s ills. Healthcare has been prone to financial finagling, but the recent boom created more opportunities for misconduct. With good times fading, the excesses suddenly stand out like a sore thumb. Controversy has long been Shkreli’s calling card. He made his name publicly criticizing biotechnology stocks whose value his hedge fund bet would drop. Then he switched tactics, founding two biotech companies himself. (Cyran, 12/17)

Wayne Becker

Wayne Becker is a visionary, dynamic nursing leader with over 20 years of clinical expertise and 10+ years of management experience. Experienced in multiple organizational settings from individual community hospitals to tertiary, academic facilities. Demonstrated excellence in quality critical care and emergency care and fiscal accountability. Change agent who leads process improvement initiatives as well as managed staff through significant technology upgrades. Developed mentoring relationships that prepared staff at all levels for advanced professional opportunities.

Specialties: Trauma Nursing, Critical Care Nursing, Emergency Nursing, and pre-hospital Emergency patient care. Utilization Management and leadership experience in for-profit and non-profit environments. Union and non-union leadership experience. Multiple EDIS and CPOE platforms.

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