Get Elected, Get Your Kids Rich: Washington Is Spoiled Rotten A governor’s daughter is made CEO without a MBA. A senator’s son starts a hedge fund right out of college. Democrats have joined Republicans in the new nepotism. Joe Manchin’s daughter Heather was looking for a job. The now-senator and one-time governor of West Virginia was only a state level rep when he ran into Milan Pushkar—the head of Mylan Inc., a Fortune 500 pharmaceuticals company—at a West Virginia University basketball game. Heather was hired for an entry-level position at the company soon after. Records show Mylan benefitted from millions of dollars worth of corporate tax breaks in the state during Manchin’s gubernatorial tenure. And these days, after stints as Mylan’s director of government relations and strategic development, Heather Bresch (née Manchin) is the company’s CEO, one of Fortune’s 50 Most Powerful Women in Business. All this without even an MBA—a 2008 investigation found that Bresch did not actually earn her degree from WVU as claimed. Officials had altered her official records and covered up for it, perhaps motivated by Mylan’s lucrative relationship with the University—co-founder Pushkar (Bresch’s business world fairy godfather) donated over $20 million and had the football field named after him. thedailybeast/articles/2014/02/27/get-elected-get-your-kids-rich-washington-is-spoiled-rotten.html
Posted on: Wed, 05 Mar 2014 00:09:07 +0000
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