Tuesday, September 27, 2016
Milan CEO lies. Got her job through her US Senator father, Joe Manchin. BTW she also lied about her MBA
September 27, 2016 | 3:04am
Mylan Chief Executive Heather Bresch’s assertion last week that the company made only $50 in profit on each EpiPen was off the mark.
The actual profit was $83 per pen — 66 percent more than the drugmaker’s leader told a House Committee on Oversight.
Mylan conceded the mistake in a regulatory filing on Monday that included an EpiPen “profitability analysis,” blaming the error in Bresch’s testimony on its inclusion of a 37.5 percent tax rate.
The company told the Wall Street Journal, which forced Mylan’s retraction, that the inclusion of taxes was standard for profitability analyses like the one Bresch presented to Congress.
Yet even that seemed disingenuous, considering Mylan had a 7.4 percent corporate tax rate last year and a negative-effective tax rate in the US.
The ultra-low tax rates were largely a function of Mylan’s incorporating in the Netherlands last year, despite the company maintaining its headquarters in Canonsburg, Pa.
Mylan acquired EpiPen — an injector of potentially life-saving epinephrine to counter allergic reactions — in 2007. It has since taken the price for a two-pack from $100 to more than $600.
Mylan controls more than 90 percent of the market
Bresch made $18 million last year.
From Wikipedia, the free encyclopedia
|Heather Manchin Bresch|
Heather Bresch testifying before the United States House Committee on Energy and Commerce in 2012.
June 27, 1969 (age 47) 
|Residence||Sewickley Heights, Pennsylvania|
|Other names||Heather Kirby|
|Alma mater||West Virginia University (B.A., 1991)|
|Occupation||Chief executive officer|
|Spouse(s)||Jeffrey J. Bresch (married)|
Douglas Kirby (divorced)
|Family||Joe Manchin (father)|
Gayle Manchin (mother)
Heather Bresch (née Manchin, born circa 1969) is an American business executive and the daughter of Democratic U.S. Senator Joe Manchin. In 1992 she started working as a clerk in a factory owned by Mylan, a pharmaceuticals company, a job her father found for her. In 2007 she was accused of inflating her resume by claiming an unearned MBA degree that was given to her by West Virginia University's president, Michael Garrison, a politician, a friend of her father and a former lobbyist for and consultant to Mylan. She became the Chief Executive Officer of Mylan in 2012. She was named one of Fortune Magazine's "50 Most Powerful Women In Business" in 2014. In 2016 Mylan became embroiled in controversy after having raised the price of one of its products, the EpiPen, by nearly 500 percent since 2009.
Early life and education
Bresch grew up in Fairmont and Farmington, West Virginia in a Roman Catholic family of partial Italian descent. Her father, Joe Manchin, was a prominent politician throughout her childhood and as of 2015 was the senior United States Senator from West Virginia.
Bresch attended Fairmont Senior High School in Fairmont, West Virginia and graduated from West Virginia University (WVU) in 1991 with a bachelor's degree in political science and international relations.
Main article: West Virginia University M.B.A. controversy
In 2007 there was a controversy over an unearned MBA degree that Bresch had been claiming on her resume at that time. The Pittsburgh Post-Gazette reported that Bresch had claimed to have an MBA degree from West Virginia University, but the university disputed that. The university subsequently awarded her an EMBA despite her having completed only 26 of the required 48 credits. Her father was governor of the state of West Virginia at the time.
In the ensuing controversy, the university announced in April 2008 that it would rescind Bresch's degree. Michael Garrison, WVU President at the time, was reported to be "a family friend and former business associate of Bresch" and a former consultant and lobbyist for Mylan.After a faculty vote of no confidence, Garrison and several university officials subsequently resigned.
More Democrat run government corruption. Here De Blasio's Deputy Mayor pulls the "I can't remember" schtick.
September 27, 2016
First Deputy Mayor Tony Shorris suffered numerous memory lapses about the Rivington Street nursing-home fiasco, telling investigators more than two dozen times that he couldn’t recall incidents, emails or details, records show.
Mayor Bill de Blasio’s right-hand man claimed he couldn’t remember a meeting with Stacey Cumberbatch, a city commissioner, or the content of any conversations they had about Rivington in 2014.
His schedule showed a July 25, 2014, meeting with Cumberbatch, then head of the Department of Citywide Administrative Services, where the deal was on the agenda.
Shorris also said he believed his decision that the property should remain a nursing home — rather than be sold on the open market — was communicated to the agency.
But he couldn’t recall how.
“I’ve asked myself that question. I do not remember the exact mechanism. I just don’t,” he told investigators for city Comptroller Scott Stringer, according to a transcript of the July 27 interview obtained by The Post through public-disclosure laws.
Asked if he had met with Cumberbatch about Rivington in 2014, Shorris replied, “Probably. I can’t say I remember exactly.”
For decades, the Lower East Side nursing home had been preserved as a nonprofit health care facility under two deed restrictions imposed by the city.
City Hall got involved in the matter in 2014 after Local 1199 of SEIU, the biggest union backer of de Blasio’s 2013 mayoral run, expressed concern that a sale would cost jobs at the site.
In 2015, the property was sold to a for-profit health care firm, the Allure Group, and later that year, the city lifted both property restrictions in exchange for $16.1 million.
But the site was sold again in February 2016 to a luxury housing developer at a $72 million profit — resulting in four investigations of how things went awry.
The interview transcript shows investigators grilled Shorris about his claim that he didn’t learn about the February 2016 sale until after it happened, even though emails show members of his staff discussed the pending sale in December 2015.
When investigators tried to press Shorris over the two-month lapse, his lawyer, G. Michael Bellinger, repeatedly intervened.
”He already answered that question. Don’t answer it again,” Bellinger said. “I’m instructing him not to answer that question.”
A City Hall spokesman said Shorris will be testifying at a City Council hearing on the Rivington House deal Thursday.