Authored by Roddy Boyd via The Southern Investigative Reporting Foundation,
Valeant Pharmaceuticals International, the corporate poster-child for price-gouging, tax-inversion and hedge-fund manager wealth destruction quietly severed all ties with J. Michael Pearson, its former chief executive officer and longtime guiding light, in January according to its annual proxy statement filed this morning.
Submitted by Roddy Boyd of the Southern Investigative Reporting Foundation
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Canadian National Railway Company Inc. is an icon of the Canadian economic firmament whose rapid growth and sector-leading efficiency have made it a money-manager darling. A lengthy SIRF investigation suggests that a fair chunk of that growth has come from price gouging and misleading a key, taxpayer-funded commuter rail customer.
Submitted by Boyd Roddy of the Southern Investigative Reporting Foundation
Globus Medical’s Inside Job
Last February spinal orthopedic device maker Globus Medical purchased Branch Medical Group, a key supplier and contract manufacturing operation based just three miles away from its Audubon, Pa. headquarters.
The BMG deal was announced on the same day Globus released fourth quarter and 2014 earnings and little attention was paid to what looked like another instance of a high-profile, larger company merging with a small, privately-held one.