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Rumsfeld makes a killing
Filed in archive markets by leon on March 20, 2006
Rumsfeld makes a killing
Yes, it's scary. But since last week's entry on bird flu, it's been pointed out to me that the prospect of a bird flu pandemic has been very good for some. Check this report on US Secretary of Defence Donald Rumsfeld making $5 million on it after selling shares in Gilead Sciences, the California biotechnology company that developed the drug.

Rumy was on the Gilead board from from 1988 to 2001, and was its chairman from 1997. He has been one of several political heavies who have cashed in on bird flu. The list includes former Secretary of State George Shultz, who is on Gilead's board and who has sold more than $7 million worth of Gilead since the beginning of 2005, according to reports that started surfacing last year.

But let's not get cynical. After all, connections can achieve a great deal. Maybe Gilead can do something about purifying the water for the troops in Iraq after allegations that Dick Cheney's old company Halliburton had failed to ensure it was safe.


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Tags: Donald  Rumsfeld  Tamiflu 
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