That the CEO of Merck is a tax attorney tells you where value is created in the company. via @statnews
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@JohnArnoldFndtn @statnews He created value at Merck by getting a breakthrough cancer drug to patients…pharma only succeeds financially when it makes great drugs. On the other hand you got 10x richer than him by trading commodity futures.
@JohnArnoldFndtn @statnews But the point is that no one takes accountability, so that the shareholder class keeps profiteering. This won't be fixed by cutesy dances with CEOs in the Senate.
@JohnArnoldFndtn @statnews you have no idea how intricate the Merck C-suite, legal structure is intertwined going back to the Zocor "black box" days" . It is breathtaking