Martin Shkreli scores $2.7M payday

Posted online August 31, 2016 | 11:39 am

Controversial ex-drug executive Martin Shkreli scored a $2.7 million payday this week.

Shkreli, who's facing federal criminal charges, sold his stake in KaloBios, the drug company he briefly ran last fall, on Monday.

Last fall, he paid $3.2 million for a controlling stake in the company. He sold that stake for $5.9 million, meaning he earned a $2.7 million return on investment.

Read more from CNNMoney.

Comments

No comments on this story |

Please log in to add your comment

Least of These executive director exits

Editors' Pick

Open for Business: EarthWise Pet

The first southwest Missouri location of EarthWise Pet, a national chain of pet supply stores, opened; Grey Oak Investments LLC relocated; and Hot Bowl by Everyday Thai LLC got its start.

Most Read