Dr. Patrick Soon-Shiong Accused of Directing Donations To His Own Companies

 
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jwbrown77
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PostPosted: Mon Mar 06, 2017 5:10 pm    Post subject: Dr. Patrick Soon-Shiong Accused of Directing Donations To His Own Companies

I don't know if this is on/off-topic considering the subject, but:

https://www.statnews.com/2017/03/06/soon-shiong-philanthropy-business/

Quote:
For months, Dr. Patrick Soon-Shiong would continue to reap praise for his generosity in publicity put out by the university. Not mentioned in any of the tributes: $10 million of his donation would be sent right back to one of his companies. And the contract for his gift was worded in a way that left the University of Utah with no other choice.

The university health system did get free and valuable information for genetics research through the deal. But a STAT investigation has found that Soon-Shiong benefited even more from his charitable donation.
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lakersken80
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PostPosted: Mon Mar 06, 2017 5:24 pm    Post subject:

The bad news just keeps coming for people connected to the Lakers doesn't it?
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PostPosted: Mon Mar 06, 2017 5:47 pm    Post subject:

^Yeah, these are (bleep) bizarro times for Laker folks.
Quote:
They’re laundering the funds through the University of Utah,” said Marc Owens, a tax lawyer with Loeb & Loeb.
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mhan00
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PostPosted: Mon Mar 06, 2017 7:01 pm    Post subject:

(bleep) rich people. Too often charitable donations are just used to line their own pockets, or the pockets of close family members who serve on the "charity's" board and pay themselves the vast majority of the "donation" while spending a pittance in whatever cause they claim to be addressing.
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CandyCanes
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PostPosted: Mon Mar 06, 2017 10:06 pm    Post subject:

Are people really surprised that someone who's amassed nine billion dollars by gaining a monopoly on cancer-treating drugs and then jacking up their prices would do such a thing?

Most publicized charity is essentially done to buy goodwill from the public, something which otherwise can't be bought.
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Omar Little
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PostPosted: Mon Mar 06, 2017 10:48 pm    Post subject:

CandyCanes wrote:
Are people really surprised that someone who's amassed nine billion dollars by gaining a monopoly on cancer-treating drugs and then jacking up their prices would do such a thing?

Most publicized charity is essentially done to buy goodwill from the public, something which otherwise can't be bought.


I was just going to say Soon-Shiong is exhibit a of everything that's wrong with for profit medicine.
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CandyCanes
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PostPosted: Tue Mar 07, 2017 12:09 am    Post subject:

Omar Little wrote:
CandyCanes wrote:
Are people really surprised that someone who's amassed nine billion dollars by gaining a monopoly on cancer-treating drugs and then jacking up their prices would do such a thing?

Most publicized charity is essentially done to buy goodwill from the public, something which otherwise can't be bought.


I was just going to say Soon-Shiong is exhibit a of everything that's wrong with for profit medicine.


What's the effective difference between Martin Shrekeli and Soon-Shiong other than that the former is openly a douche while the latter at least puts on a facade of being motivated by altruistic/humanitarian concerns? If anything, Soon-Shiong has managed to do what Shrekeli does on a much larger scale.

I know a bit about him but you probably know more. What are some of the worst things that he's done?
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PostPosted: Tue Mar 07, 2017 10:26 am    Post subject:

We have some terrible ownership if this is true lol. So sad
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jwbrown77
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PostPosted: Wed Mar 08, 2017 5:58 am    Post subject:

Looks like investors aren't pleased:

https://www.statnews.com/2017/03/06/soon-shiong-stock-drop/
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PostPosted: Wed Mar 08, 2017 12:31 pm    Post subject:

sell your share soon SELL IT TO JERRY WEST!!!!!!!!
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