"THEY SEE ME ROLLING..." pic.twitter.com/D1mDBEeZMq— Martin Shkreli (@MartinShkreli) September 16, 2015
Everyone's least favorite exemplar of late capitalism, pharmaceutical trash-ball Martin Shkreli, was predictably, officially fired today from his role as CEO of the South San Francisco biotech company KaloBios. Shkreli, who made headlines this fall for orchestrating astronomical price hikes of previously inexpensive life-saving medicines, was arrested by federal authorities last Thursday for running what they allege was a Ponzi-like scheme to placate investors he defrauded several years ago.
The publicly traded company announced the decision in a press release this morning, and also said Shkreli had resigned from his position as a member of the board of directors.
Shkreli only become CEO of KaloBios in November, after his company, Turing Pharmaceuticals, bought an estimated 70 percent stake in the Bay Area company.
The fall has been fast and hard for the 32-year-old Shkreli, who earlier this month made some very different headlines by announcing that he paid $2 million for a one-of-a-kind Wu-Tang Clan album.
In an interview with HipHopDX published the day before his arrest, Shkreli demonstrated how fully bat-shit insane he is by attempting to explain the purchase of the Wu-Tang Clan album and his price hikes of medicine as some sort of artistic experiment leading to an eventual career in rap (seriously).
“To me, what I’m doing right now in the media, raising prices, all this shit, believe what you want, but it’s interesting," blabbered Shkreli. "It gets people talking. At the end of the day, that’s what art is. I don’t know if I can translate the shit into rap or not, but I’ll try In 500 years, they’re going to talk about rap the same way we talk about Shakespeare. I just want to throw my hat in the ring, that's all. I don’t want to make money.”
Shkreli went on to compare himself to one of the founding members of the Wu-Tang Clan, GZA.
"GZA is literally a genius," dumbsplained the hated executive. "Not everyone loves his flow. I can do something like that, I guarantee it."
In an interview with the Wall Street Journal, the aspiring artist bemoaned his arrest as a "real injustice" that had nothing to do with his business practices, but rather resulted from his trolling of people on the internet.
Shkreli faces twenty years in prison if convicted.