position:ceo

  • Taking a Stand on Personal Safety and Other Actions for Allies
    https://hackernoon.com/taking-a-stand-on-personal-safety-and-other-actions-for-allies-5ce2d114d

    Taking a Stand on Personal Safety, and Other Actions for AlliesEach week, we share five simple actions to create a more inclusive workplace and be a better ally.Photo of a doorstop by David Wall via Flickr, CC BY 2.01. Realize personal safety is a concern, even in professional settingsThis week, the Des Moines Register reported on lawsuit by a businesswoman who was raped in her Embassy Suites hotel room. The front desk had given the attacker a key to her room without asking for proof that he was a guest. Then, upon realizing the victim had engaged the safety latch on the door, the attacker got a hotel staff member to disable it. All it took was a simple story about how his girlfriend had locked him out of their room after having a fight.When Chad Loder, CEO of Habitu8, tweeted about the (...)

    #allyship #book-club #inclusion #diversity


  • #startup Aggregation Opportunities: Order Ahead & Contact Info / Social Graph Hub
    https://hackernoon.com/startup-aggregation-opportunities-order-ahead-contact-info-social-graph-

    Just four months after my experiment of deleting every app from my phone for 30 days, I’m disappointed to admit that I’m back up to 70 apps. Although this is still 66 fewer than when I originally deleted everything, it’s still too many. Frankly, I’m a bit envious of the Chinese “Super-Apps” like WeChat, which aggregate messaging, ride-sharing, e-commerce, gaming, and more functions in one unified app. I don’t expect a U.S. version of the “super-app” to emerge anytime soon, as each of these functions serve as the focus of the most valuable U.S. #tech companies (Facebook / Apple, Uber / Lyft, Amazon, etc.). But as Jim Barksdale, the former CEO of Netscape famously stated, “there are only two ways to make money in business: One is to bundle; the other is unbundle.”In the mobile-app world, I think (...)

    #startup-aggregation #venture-capital #startup-opportunities






  • Ilhan Omar has sparked panic in AIPAC

    Rep. Ilhan Omar has apologized for her inexcusably insensitive tweet. But the core issue behind her comment - whether the U.S. should continue to reflexively embrace the views of the Israeli government - won’t go away
    David Rothkopf
    Feb 13, 2019 2:37 PM

    https://www.haaretz.com/us-news/.premium-ilhan-omar-has-sparked-panic-in-aipac-1.6935041

    U.S. Representative Ilhan Omar of Minnesota has apologized for her offensive tweet that suggested Israeli influence in the U.S. Congress was “all about the Benjamins.” But that does not mean that the core issue underlying the controversy surrounding the tweet, Representative Ilhan and new voices critical of Israel in U.S. politics, is likely to fade away.

    I’m not going to defend Omar.Her own apology was unequivocal and the tweet itself was, at best, inexcusably insensitive. But it is vitally important we distinguish between criticism of Israel and anti-Semitism. And, as importantly, we also must recognize the massive response against Rep. Omar for what it is - a spasm of fear about our changing times.

    >> Aaron David Miller: No, Israel and America Aren’t Breaking Up. Don’t Believe the Hype

    The entire infrastructure that has been built over the years to advance the interests of Israel in the U.S. is quaking in its boots - not because of the badly developed arguments of a rookie Congresswoman - but because of the coming generational change in U.S. views of Israel and because support for the Israeli government has been damaged among Democrats by the choice of the Netanyahu administration to so closely tie itself to Donald Trump and the Republican right wing in America.
    Supporters of US President Donald Trump cheer during a rally in El Paso, Texas on February 11, 2019
    Supporters of US President Donald Trump cheer during a rally in El Paso, Texas on February 11, 2019.AFP

    Rep. Omar damaged her own credibility by embracing an old anti-Semitic trope. There is no place for that in American politics. But even as she should be condemned, her views of Israel need to be heard. There is no reason all American views on a foreign government should be in lockstep.

    Quite the contrary, Americans who seek to protect and advance our interests should no more reflexively embrace the views of the Israeli government than they do those of a pro-Brexit UK government or an anti-refugee Italian government.

    Israel’s defenders would like the relationship to be deemed so important that it must not be criticized. This echoes the position, say, of the Saudis in the wake of the Khashoggi murder. And it is just as indefensible.

    A growing number of Americans realize that. Further, a growing number of American Jews feel the positions of the Netanyahu government are contrary to both U.S. interests and the values of Judaism, and thus the rationale for a Jewish state. In other words, they see Netanyahu’s actions as undermining the reasons Israel might have a special claim on their support.

    Indeed, no one, in fact, has done more to damage the standing of Israel than a Netanyahu government that has actively waged war on the Palestinian people, denied them their rights, responded disproportionately to threats and refused to acknowledge its own wrong-doing.

    Anti-Semites, with their stale and discredited attacks, can never do the kind of damage to the U.S.-Israel relationship that rampant Israeli wrong-doing can (especially when the Israeli government weakens the arguments against anti-Semites by embracing them, as in the case of Victor Orban in Hungary, or hugging those like Donald Trump who promote anti-Semites and anti-Semitic ideas about “globalists” or George Soros.)
    Prime Minister Benjamin Netanyahu and his Hungarian counterpart Viktor Orban share a light moment during the reception ceremony in front of the Parliament building in Budapest, Hungary, July 18, 2017.
    Prime Minister Benjamin Netanyahu and his Hungarian counterpart Viktor Orban in front of the Parliament building in Budapest, Hungary, July 18, 2017Balazs Mohai/AP

    None of this is to diminish the real and ever-present threat of anti-Semitism. Which is why, of course, it is essential that we are careful to distinguish between it and legitimate criticism of the government of Israel.

    In fact, if we in the U.S. stand for what is best about America and hope for the best for Israel, then we must welcome those who would criticize Israel’s government not as our enemies but as the true defenders of the idea of Israel, and of America’s deep investment in the promise of that country.

    With that in mind, we must be careful that we do not allow the justifiable aspects of the critique against Rep. Omar to lead to a reflexive position where we silence active criticism of the Israeli government, or the worst actions of the State of Israel.

    Judging from comments in the media about her that pre-dated these statements, and comments about Rep. Rashida Tlaib, and comments about the “left” becoming anti-Israel, in my view we are in the midst of a pre-emptive push to combat the coming rethinking of the U.S.- Israel relationship.
    Feb. 5, 2019, photo, Rep. Ilhan Omar, D-Minn., left, joined at right by Rep. Rashida Tlaib, D-Mich., listens to President Donald Trump’s State of the Union speech, at the Capitol in Washington
    Feb. 5, 2019, photo, Rep. Ilhan Omar, D-Minn., left, joined at right by Rep. Rashida Tlaib, D-Mich., listens to President Donald Trump’s State of the Union speech, at the Capitol in Washington.J. Scott Applewhite,AP

    It will seize upon the fact that some elements who offer the critique of Israel are in fact anti-Semitic or tap into anti-Semitic rhetoric and traditions, in order to tar with the same brush those who legitimately disapprove of the behavior of the Israeli government.

    That would be a mistake. Because it would not only silence a debate we need to and deserve to have, but it would undermine the ability of the U.S. to be a force for positive change in Israeli policies - change that is necessary to the future of Israel and to U.S. interests in that region.

    We must combat anti-Semitism. But we should also combat those who have no tolerance for democratic processes, or who would seek a political purity test for politicians based on narrowly-defined, traditionalist, outdated guidelines.

    The future of the U.S.- Israel relationship - and the future of Israel, the Palestinian people and peace in the region - depends on our willingness to look past biases of all sorts to the facts on the ground, to the justice that is required and to our interests going forward.

    David Rothkopf is a foreign policy expert and author, host of the Deep State Radio podcast and CEO of The Rothkopf Group, LLC a media and advisory firm. His next book, on the national security threat posed by the Trump administration, is due out later this year. Twitter: @djrothkopf


  • Stripe valued at $23 billion and has no plans to IPO, says CEO
    https://hackernoon.com/startup-grind-stripe-valued-at-23-billion-has-no-plans-to-ipo-says-ceo-8

    Startup Grind Event CoverageCollision discusses globalization of payments and his growing media empireStripe CEO John Collision opening keynote at #startup Grind GlobalStartup Grind Global kicked off this morning with opening remarks by Stripe CEO John Collision in conversation with Ashlee Vance of Bloomberg Businessweek. What follows is a summary of key insights shared:Been there, done that“People tend to think online already happened and everything that’s already been figured out has already occured, but in fact in a bunch of countries, there’s a very rapid rise in digital money. The dominant behaviors and methods are changing. Ali Pay and WePay came out of nowhere and payment players are now winning the market, in China in particular. When we started out and were pitching investors in 2010, (...)

    #venture-capital #fintech #cryptocurrency #technology



  • Intelligent #investing In the #blockchain Space with Tomer Federman
    https://hackernoon.com/intelligent-investing-in-the-blockchain-space-with-tomer-federman-7efc48

    Episode 25 of the Hacker Noon #podcast: An interview with Tomer Federman, CEO and founder of Federman Capital.Listen to the interview on iTunes, or Google Podcast, or watch on YouTube.In this episode Trent Lapinski and Tomer Federman discuss why he left Facebook to start his own #crypto and blockchain investment fund.“I think this technology is truly revolutionary, is going to disrupt the financial ecosystem, and is going to have major impact across entire industries in years to come.”“Crypto shouldn’t be about getting rich quickly. It should be about creating meaningful products that solve real world needs, and address real pain points.”“If I’m right and blockchain is going to be so transformative, it’s obviously going to generate significant returns for investors who invest wisely. The ability (...)

    #hackernoon-podcast



  • #gab’s Andrew Torba on Why #bitcoin Is Free Speech Money
    https://hackernoon.com/gabs-andrew-torba-on-why-bitcoin-is-free-speech-money-dcbe15be5e43?sourc

    Audio interview transcription — WBD067Note: the following is a transcription of my interview with Andrew Torba from Gab.com. I use Rev.com from translations and they remove ums, errs and half sentences. I have reviewed the transcription but if you find any mistakes, please feel free to email me. You can listen to the original recording here.You can subscribe to the podcast and listen to all episodes here.In this episode, I talk with Andrew Torba, CEO of Gab.com. We discuss free speech, censorship, the First Amendment, the #deplatforming of Gab.com by Silicon Valley giants and payment processors and why Bitcoin is free speech money.https://medium.com/media/db0db34d311fef40a4d20aa68f4a51eb/hrefConnect with What Bitcoin Did:Listen: iTunes | Spotify | Stitcher | SoundCloud | YouTube | (...)

    #free-speech


  • Knights Of the Satoshi Roundtable V
    https://hackernoon.com/knights-of-the-satoshi-roundtable-v-2845ccc7fde?source=rss----3a8144eabf

    How Titans of Industry Handle a Bear Market Behind the ScenesA gentle night breeze carries the sounds of the ocean waves through the tropical resort patio and into the lobby. Muffled by the clinking of glasses, and clacking of poker chips, a silver food cart draped in while linen rolls past the crowd and stops on the patio. The waiter reaches underneath the cart and pulls out a total of nine tomato and pepperoni pizzas. Heads spin on a swivel, and the entire audience erupts in a roaring appreciation.At 4 AM on a Saturday night, it didn’t matter if you were the CEO of a major crypto exchange, the manager of a fund who just stepped away from a nearly 9 BTC poker game, or a developer who got lucky enough to be early in the industry (🙋‍♂️). What mattered was that everyone got a slice of cheesy, (...)

    #bitcoin #blockchain #development #cryptocurrency #events




  • Cryptocurreny Regulation Update (February 2019)
    https://hackernoon.com/cryptocurreny-regulation-update-february-2019-517ed749b5a2?source=rss---

    Cryptocurrency Regulation Update (February 2019)This piece is part of a monthly series covering regulatory updates related to cryptocurrencies. This piece provides important regulatory updates that have happened in the past month, broken down by developments in the United States and the rest of the world.SourceUnited StatesKik Interactive plans to fight an expected enforcement action from the SEC over a 2017 initial coin offering the company conducted (Jan 27th). As reported by the Wall Street Journal, the SEC’s enforcement division believes Kik issued an unregistered security when it sold $100 million in “kin,” a digital token that Kik says works like a currency on the its platform, according to Kik Interactive CEO Ted Livingston. At issue is whether Kin, a digital asset sold through an (...)

    #investing #blockchain #cryptocurrency #ethereum #bitcoin


  • This is The CEO’s Most Important Job
    https://hackernoon.com/you-have-one-job-as-the-founder-or-ceo-6df382c643e3?source=rss----3a8144

    Jeff Seibert, co-founder of DigitsOver the past decade, I have founded and exited two companies — Increo and Crashlytics — and then stayed on to build large teams at the acquirers — Box and Twitter.By Jeff Seibert, co-founder of Digits, co-founder and former CEO of Crashlytics.Most people have a certain image in their minds when they think of a founder/CEO.They picture the boss in the corner office, standing behind her desk, gazing out over the city. They imagine someone calling all the shots, and everyone relying on their insight and wisdom — a visionary who is never wrong. They fear being grilled, berated, and guilted into working long hours — inevitable top-down command-and-control.When #startup founders take this approach today, they fail.In my experience, this couldn’t be further from the true (...)

    #leadership-development #leadership #entrepreneurship #technology


  • #cryptocurrency Exchange QuadrigaCX Could Be Broke
    https://hackernoon.com/cryptocurrency-exchange-quadrigacx-could-be-broke-770c8815f60b?source=rs

    Cryptocurrency Exchange QuadrigaCX Is Unable to Reimburse CustomersSource: Extremetech.com.The cryptocurrency exchange company QuadrigaCX, which was founded in 2013, has entered dark digital waters. The Canadian company lost its founder and CEO, Gerald Cotton (also being spelled Cotten by reporters), to Crohn’s disease last December while he was in Jaipur, India.His widow, Jennifer Robertson, in a sworn affidavit filed on Jan. 31, 2019, stated QuadrigaCX owes its users nearly $250 million in Canadian currency (an equivalent to $190 million USD) in cryptocurrency and fiat money.What makes the entire situation all more difficult for QuadrigaCX is that Robertson informed the court that the customers’ cryptocurrency is stored on Cotton’s encrypted laptop. On file on Cotton’s laptop sits a (...)

    #investing #legal #crypto #bitcoin


  • #twitter CEO Jack Dorsey Censors Himself On Joe Rogan Podcast
    https://hackernoon.com/twitter-ceo-jack-dorsey-censors-himself-on-joe-rogan-podcast-b9211ea10df

    Who is to blame for the awkward Joe Rogan interview of Twitter CEO Jack Dorsey?Jack Dorsey, CEO of Twitter, was on a recent episode of the Joe Rogan Podcast and created controversy by not answering and dodging questions. Learn more about the controversy, and how Jack was actually censoring himself to try and force a desired outcome of promoting Twitter and his other company Square.Watch below for Trent Lapinski‘s take on the situation.https://medium.com/media/e7b27d524c2b97ed8260175232b2bf1c/hrefTwitter CEO Jack Dorsey Censors Himself On Joe Rogan Podcast was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this (...)

    #censorship #politics #jack-dorsey #joe-rogan


  • Changemakers in #programming: Brendan Eich
    https://hackernoon.com/changemakers-in-programming-brendan-eich-e43f2cc7d269?source=rss----3a81

    Changemakers in Programming: this new blog series will be focusing on organizations, associations and people who have had and/or continue to have a positive impact on the tech world and the world of programming!For this second post, we will learn about the inventor of #javascript. This is the story of BrendanEich, a programmer with a long and growing list of accomplishments!Currently, Eich is the CEO of Brave, which has developed a new internet browser (called Brave) that promises its users more privacy, better security, and faster browsing speeds. But you may also know him as the creator of JavaScript and co-founder of Mozilla (where he was also CTO and briefly CEO).In this blog post, we’ll explore how Eich got to where he is today and discuss his latest project (Brave) and how it might (...)

    #brendan-eich #founder-interview #braves


  • Innovate Don’t Regulate: The Message of George #gilder’s Life After #google
    https://hackernoon.com/innovate-dont-regulate-the-message-of-george-gilder-s-life-after-google-

    Big Shot Republicans are besieging companies like Google and Facebook. This most recently was evidenced by the grilling in the House Judiciary Committee of Sundar Pichai, Google’s CEO.As Wired Magazine — a shrewd source of sophisticated tech thinking — observed:“Pichai began his testimony by insisting that he leads Google ‘without political bias.’“We are a company that provides platforms for diverse perspectives and opinions — and we have no shortage of them among our own employees,” the soft-spoken CEO said in his opening remarks.“But that didn’t stop lawmakers from bombarding him with anecdotes that suggested otherwise. Why is it, wondered Rep. Steve Chabot (R-OH), that when he Googled the Republicans’ proposed healthcare bill in 2017, only negative stories popped up? Rep. Steve King (R-IA) asked (...)

    #blockchain #blockstack #big-data


  • Exchanges and ICOs can do a lot more to secure users’ #data
    https://hackernoon.com/exchanges-and-icos-can-do-a-lot-more-to-secure-users-data-a922733409d1?s

    By Bruce Silcoff, CEO, Shyft Network InternationalMajor data breaches at crypto exchanges have become far too common. Reportedly, personally identifying data from thousands of users from multiple major crypto exchanges has been available for sale since at least July of last year. This isn’t an abstract dataset we’re talking about. This includes photos of users holding sensitive documents like passports and driver’s licenses. Should exchanges and ICOs do more to keep users’ sensitive data safe? This issue is a systemic one, and it goes well beyond the crypto world.Data breaches are predictableWe hear about major data breaches almost every day now; literally, as I sat down to write this article, I spotted a new report in Bloomberg about how the investment firm BlackRock had been successfully (...)

    #crypto-exchange-data #cybersecurity #blockchain-technology #crypto-exchange


  • #tzero: Successful migration from an #ico to STO, platform launch awaited |Everything you need to know
    https://hackernoon.com/tzero-successful-migration-from-an-ico-to-sto-platform-launch-awaited-ev

    tZERO: Successful migration from an ICO to STO, platform launch awaitedDisclaimer: This is not financial advice. Article inspired from InWara. For more details visit terms and conditions.tZERO was launched by Overstock.com through an Initial Coin Offering-ICO, with the aim of raising funds for developing an alternate decentralized trading platform. The long-awaited tZERO security token trading platform will go live by the end of this week according to CEO Patrick Byrne. Overstock’s ATS (Alternative Trading System) a precursor to tZERO has been operational for two years but with limited volumes.According to reports from coindesk, “tZERO will be led by Steven Hopkins, who was up until recently the chief operating officer and general counsel at Medici. Hopkins will serve as tZERO’s (...)

    #tzero-analysis #blockchain #cryptocurrency


  • The Washington Post’s ‘three Pinocchios’ for AOC shows how incoherent mainstream ‘fact-checking’ really is – Alternet.org
    https://www.alternet.org/2019/02/the-washington-posts-three-pinocchios-for-aoc-shows-how-incoherent-mainstr

    But there’s something more complex happening here too, that’s probably best understood in terms of press scholar Daniel Hallin’s three-sphere model of how the media functions, from his 1986 book The Uncensored War. At the center is the sphere of consensus, mom-and-apple-pie country. Surrounding that, like a donut, is the sphere of legitimate debate, where journalists’ attention is usually focused, where there are two sides to every story and a need for objectivity and balance to be maintained.

    Beyond that, though, is the sphere of deviance, the outer darkness in which dwell “political actors and views which journalists and the political mainstream of society reject as unworthy of being heard.” The shoddy fact-checking directed at Ocasio-Cortez reflects a boundary-policing instinct, and an outdated one, considering that the entire political landscape has been irrevocably changed.

    To understand how shoddy it is — and the unspoken agenda involved — we need to take a closer look at the totality of what went down. Kessler was quoting from a snippet of AOC’s response to a question by Ta-Nehisi Coates in an MLK Day interview. The context is important, because context is everything in political discourse: What’s radical in one context is mom-and-apple-pie material in another.

    King, paradoxically, is both. The question asked and the answer given were both in King’s spirit — but not the mom-and-apple-pie version of him the media (and much of America) loves to celebrate. It more reflected the actual, radical Martin Luther King Jr., who spoke out against the “the giant triplets of racism, extreme materialism, and militarism,” and said, “True compassion is more than flinging a coin to a beggar. It comes to see that an edifice which produces beggars needs restructuring.”

    So, read in context, everything AOC said was true, even if we accept Kessler’s factual counterclaims! The entire fact-checking ritual was a charade. As I suggested earlier, it was really a boundary-policing episode, meant to keep her “radical” ideas outside the sphere of legitimate debate by portraying her as untrustworthy. Further, it was meant to deter others from similar infractions while trying to break through the barriers excluding them from legitimacy. (See AOC’s related Twitter thread on “gravitas” here.)

    But the problem is that Kessler’s implied boundaries are not worth policing, or even recognizing. The whole system is in crisis, and the mainstream media’s assessment of what is deviant, what reflects normative consensus and what represents legitimate debate bears little or no relationship to reality. Take two other examples AOC has been associated with — raising top marginal tax rates to 70 percent and a Green New Deal. The first idea drew immediate majority support — 59 percent in a poll for the Hill, including 56 percent of rural voters and 45 percent of Republicans—and scorn from the 1 percent at Davos.

    Dell Technologies CEO Michael Dell laughed at the idea (video here), and said he thought it would be bad for economic growth. “Name a country where that’s worked,” he responded. “Ever.” Sitting there with him was MIT economist Erik Brynjolfsson, who supplied the example: the United States, throughout most of its post-World War II expansion. It was a rare, Marshall McLuhan-in-“Annie Hall” moment. Usually, when the super-rich or their sycophants spout off like that, truth does not intrude. Certainly not from the fact-checking media.

    But the media’s failure is even more striking when it comes to climate change and the Green New Deal. It’s still a rarity for the media to treat climate science as firmly within the sphere of consensus, where all reputable researchers say it belongs.

    #Fact_checking #Médias


  • OxyContin Maker Explored Expansion Into “Attractive”… — ProPublica
    https://www.propublica.org/article/oxycontin-purdue-pharma-massachusetts-lawsuit-anti-addiction-market

    Secret portions of a lawsuit allege that Purdue Pharma, controlled by the Sackler family, considered capitalizing on the addiction treatment boom — while going to extreme lengths to boost sales of its controversial opioid.

    In internal correspondence beginning in 2014, Purdue Pharma executives discussed how the sale of opioids and the treatment of opioid addiction are “naturally linked” and that the company should expand across “the pain and addiction spectrum,” according to redacted sections of the lawsuit by the Massachusetts attorney general. A member of the billionaire Sackler family, which founded and controls the privately held company, joined in those discussions and urged staff in an email to give “immediate attention” to this business opportunity, the complaint alleges.

    The sections of the complaint already made public contend that the Sacklers pushed for higher doses of OxyContin, guided efforts to mislead doctors and the public about the drug’s addictive capacity, and blamed misuse on patients.

    Citing extensive emails and internal company documents, the redacted sections allege that Purdue and the Sackler family went to extreme lengths to boost OxyContin sales and burnish the drug’s reputation in the face of increased regulation and growing public awareness of its addictive nature. Concerns about doctors improperly prescribing the drug, and patients becoming addicted, were swept aside in an aggressive effort to drive OxyContin sales ever higher, the complaint alleges.

    Among the allegations: Purdue paid two executives convicted of fraudulently marketing OxyContin millions of dollars to assure their loyalty, concealed information about doctors suspected of inappropriately prescribing the opioid, and was advised by global consulting firm McKinsey & Co. on strategies to boost the drug’s sales and burnish its image, including how to “counter the emotional messages” of mothers whose children overdosed. Since 2007, the Sackler family has received more than $4 billion in payouts from Purdue, according to a redacted paragraph in the complaint.

    The redacted paragraphs leave little doubt about the dominant role of the Sackler family in Purdue’s management. The five Purdue directors who are not Sacklers always voted with the family, according to the complaint. The family-controlled board approves everything from the number of sales staff to be hired to details of their bonus incentives, which have been tied to sales volume, the complaint says. In May 2017, when longtime employee Craig Landau was seeking to become Purdue’s chief executive, he wrote that the board acted as “de-facto CEO.” He was named CEO a few weeks later.

    After its 1996 launch, OxyContin rapidly became a top seller. But reports of patients abusing the drug soon followed. OxyContin contained more pain relief medication than older drugs, and crushing and snorting it was a simple way to get high fast. In 2007, Purdue pleaded guilty to federal charges of understating the risk of addiction and agreed to pay $600 million in fines and penalties. Still, the company argued publicly that OxyContin has “done far more good than harm,” and it sought to place responsibility for the bad acts on “certain of its supervisors and employees.”

    Privately, the complaint suggests, the Sacklers were concerned about alienating two executives, then-CEO Michael Friedman and then-legal counsel Howard Udell. Friedman and Udell each pleaded guilty in 2007 in U.S. District Court in Abingdon, Virginia, to a misdemeanor charge of misbranding OxyContin, as did a former executive. The board signed off on the three executives’ decisions to plead guilty. No member of the Sackler family pleaded guilty.

    Purdue paid $5 million to Udell in November 2008, and up to $1 million in November 2009, the complaint states. In February 2008, the company paid $3 million to Friedman. The complaint doesn’t mention any payments to the former executive.

    “The Sacklers spent millions to keep the loyalty of people who knew the truth,” the complaint alleges.

    Udell died in 2013. A person answering a phone number listed to Friedman declined comment.

    When sales results disappointed, Sackler family members didn’t hesitate to intervene. In late 2010, Purdue told the family that sales of the highest dose and most profitable opioids were lower than expected, according to the complaint. That meant an expected quarter-end payout to the family of $320 million was at risk of being reduced to $260 million and would have to be made in two installments in December instead of one in November.

    That news prompted a sharp email question from Mortimer D.A. Sackler, whose late father, also named Mortimer, was a Purdue co-founder. “Why are you BOTH reducing the amount of the distribution and delaying it and splitting it in two?” he asked. “Just a few weeks ago you agreed to distribute the full 320 [million dollars] in November.” The complaint doesn’t say how much was ultimately paid.

    In September 2014, Purdue embarked on a secret project to join an industry that was booming thanks in part to OxyContin abuse: addiction treatment medication. Code-named Project Tango, it involved Purdue executives and staff as well as Dr. Kathe Sackler, a daughter of the company co-founder Mortimer Sackler and a defendant in the Massachusetts lawsuit. She participated in phone calls and told staff that the project required their “immediate attention,” according to the complaint.

    Internally, Purdue touted the growth of an industry that its aggressive marketing had done so much to foster.

    “It is an attractive market,” the team working on the project wrote in a presentation. “Large unmet need for vulnerable, underserved and stigmatized patient population suffering from substance abuse, dependence and addiction.”

    While OxyContin sales were declining, the internal team at Purdue touted the fact that the addiction treatment marketplace was expanding.

    “Opioid addiction (other than heroin) has grown by ~20%” annually from 2000 to 2010, the company noted. Although Richard Sackler had blamed OxyContin abuse in an email on “reckless criminals,” the Purdue staff exploring the new business opportunity described in far more sympathetic terms the patients whom it now planned to treat.

    “This can happen to any-one – from a 50 year old woman with chronic lower back pain to a 18 year old boy with a sports injury, from the very wealthy to the very poor,” it said.

    Company documents recommended becoming an “end-to-end pain provider.” Initially, Purdue intended to sell one such medication, Suboxone, which is commonly retailed as a film that melts in the mouth. When Kathe Sackler asked staff members to look into reports that children might be swallowing the film, they reassured her. They responded, according to the complaint, that youngsters were overdosing on pills, but not the films, “which is a positive for Tango.”

    In 2015, Purdue turned its attention to another potential product, the overdose reversing agent known as Narcan, calling it a “strategic fit.” Purdue executives discussed how its sales force could promote Narcan to the same doctors who prescribed the most opioids. Purdue said in the statement Wednesday that it decided against acquiring the rights to sell Suboxone and Narcan.

    While those initiatives appear to have stalled or ended, Richard Sackler received a patent last year for a drug to treat addiction, according to the complaint. The patent application states that opioids are addictive and refers to people who suffer from substance use disorders as “junkies.”

    #Opioides #Sackler