Rumsfeld: What a Lucky Guy

First he makes a bundle off the Iraq War from his ties to Bechtel, and now he stands to reap a hearty profit from all the Bird Flu hysteria:

The prospect of a bird flu outbreak may be panicking people around the globe, but it's proving to be very good news for Defense Secretary Donald Rumsfeld and other politically connected investors in Gilead Sciences, the California biotech company that owns the rights to Tamiflu, the influenza remedy that's now the most-sought after drug in the world.

Rumsfeld served as Gilead's chairman from 1997 until he joined the Bush administration in 2001, and he still holds a Gilead stake valued at between $5 million and $25 million, according to federal financial disclosures filed by Rumsfeld.

Here's Gilead's press release announcing Rumsfeld's Chairmanship back in 97.

Posted by flow Frazao on March 23, 2006 at 12:30 PM in America, Scary Bush, Science, US News | Permalink