-By Warner Todd Huston
The board of directors at the bio-warfare company SIGA likely thought they had made the hire of the century last year when they took on former Service Employees International Union President Andy Stern. In fact, for a while, Stern, one of Obama’s most frequent White House visitors and close confidantes, seemed to bring the company good fortune.
In Stern’s first six months the company’s shares doubled in worth especially after it was awarded a humungous government contract worth up to $2.8 billion of our tax dollars.
But then came the collapse. And maybe all the lawsuits and government investigations had something to do with that?
SIGA’s stock has taken a tumble since the investigations into why the politically connected firm was able to get government rules rewritten just for them.
So, maybe this is another crony capitalism loser, eh?
(H/T LaborUnionReport.com)
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“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
–Samuel Johnson
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, RightPundits.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
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