Conflict of interest?
posted on
Aug 30, 2012 07:03AM
Edit this title from the Fast Facts Section
Just curious as to what extent (if any) you all believe MNKD could be affected...
According to a yahoo message board poster named "daviscupper" :
"Peter Brown runs the hedge fund, Renaissance Technologies. Renaissance has $24.8 billion in assets. Renaissance has invested $144 million into Novo Nordisk stock, a competitor of MannKind.
Peter Brown gets paid in excess of $5 million per year from Renaissance. He has a direct interest in seeing that Renaissance's investments do well. His compensation is directly tied to how well Renaissance performs.
Since Margaret Hamburg (FDA Chief) is married to Peter Brown she also benefits when Renaissance does well. This is a blantant conflict of interest."
http://online.wsj.com/article/SB124328188115551961.html?mod=WSJ_article_comments#articleTabs%3Darticle
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=tm&bn=25210&tid=166937&mid=167136&tof=2&so=E&rt=2&frt=2&off=51