Congress Demands to See Mylan's Internal Talking Points After CEO Lied to Them
Source: Gizmodo
Two weeks ago, Mylan CEO Heather Bresch got up in front of Congress and lied about how much profit the pharmaceutical company makes on the EpiPen. And Congress is pissed.
Two congressmen who were incredibly vocal at the hearings are now demanding to see everything from complete profit and loss statements for the company for the past 5 years to the materials that were used to prepare Bresch before she gave testimony. They especially want to know about the charts that she held up during testimony (one of which is pictured above), which turned out to be bullshit.
Republican Jason Chaffetz of Utah, and Democrat Elijah Cummings of Maryland have sent Bresch a letter asking her to explain why she told the Congressional committee things that turned out not to be true. Bresch repeatedly said that the company makes just $100 per EpiPen pack. But Mylan actually makes $160. Mylans defense? They say that they subtracted taxes. But experts say this equation makes no sense.
And to make matters worse, Bresch never mentioned that they were subtracting these taxes from their equation, leading Congress to believe that their obfuscation was deliberate and calculated.
The letter from Chaffetz and Cummings points out that the only time taxes were mentioned was when they talked about how the company had recently moved its headquarters overseasa move commonly called an inversion where companies dodge US corporate taxes by playing shady games to establish their operations in another country, even when that company is still effectively based in the US.
Read more: http://gizmodo.com/congress-demands-to-see-mylans-internal-talking-points-1787358059
Isn't there a law that says you cannot lie to Congress? Think there is ...(found this on the internet)
There are two statutes of U.S. Code that govern perjury before Congress. Section 1621 of Title 18, often called the general perjury statute, prohibits individuals from lying to Congress while under oath, while Section 1001, also known as the false statement statute, covers testimony given while not under oath. A person convicted of perjury could face fines up to $100,000 or up to five years in jail.
From Time Mag...Dec 10, 2012
http://time.com/3628324/torture-congress-lying-hayden/
Article title.."What Happens When You Lie To Congress?"
Plucketeer
(12,882 posts)Yeah - but that's just applicable to wee peons.
asiliveandbreathe
(8,203 posts)Was Heather sworn in??? - Under oath...was there intent? - just askin'....
Stuart G
(38,420 posts)I posted it with the original post.... ..
According to the link in the op, you cannot lie, even if you are not sworn in...
you know..you can find lots of stuff on the internet...
you gotta know how to use google search..but I do.. How did that happen?????
I had to do research in a place called the ...........library............remember????
asiliveandbreathe
(8,203 posts)not WHAT you know..so few cases brought forward to the penalty phase...alas...
Scruffy1
(3,256 posts)Over my life time I have never seen this law enforced. Besides which you's probably have to prove she knew it was a lie. quite possibly, she doesn't have a clue and her only qualification for the job is that her dad is a US Senator. Just another way of bribery.
Marthe48
(16,948 posts)I heard on the news (can't remember which station) that when she got hired by MYlan, she didn't even know what they did.
Bresch was also involved in controversy at WVU:
https://en.wikipedia.org/wiki/West_Virginia_University_M.B.A._controversy
Stonepounder
(4,033 posts)Seems to me we impeached a President for that.