A Special Place in Hell
Previously I wrote about Martin Shkreli, the 32 year-old “hedge fund” manager who acquired a 62-year-old drug used to treat infection and then jacked-up the price from $13.50 per tablet to $750 per tablet. As if that wasn’t enough, Mr. Shkreli has now gone out of his way to make sure he has a first class ticket to Hades. First, he told a Forbes magazine healthcare conference that if he could do it all over again, he would have raised prices even higher. Then, as reported by Bloomberg Business, rap group Wu Tang Clan put the only copy of its new album up for auction to the highest bidder and – you guessed it – Mr. Shkreli was the winning bidder, paying $2 million for a record album. All the while millions of sick, elderly, and otherwise hard-working Americans cannot afford the outrageous prices of prescription drugs. And this guy - who has been gouging these Americans with no remorse - spends $2 million on a record album? You may want to order your flame-retardant suit now, Mr. Shkreli, you’re going to need it.