Bitch, please!
Posted in Big Business, Health Care, Politics (Opinion) on September 23rd, 2005 by DoubleManI don’t want to jump to conclusions…..
Mr. Frist (I refuse to call him Dr. after the shit he pulled during the Schiavo fiasco), sold his shares of HCA a month before the company gave an earnings warning and the stock price dropped. The SEC is now investigating and issuing subpoenas. Frist denies that he had any foreknowledge of the company’s earnings. Right.
The sale wouldn’t seem that strange if it weren’t for the company involved. HCA is the largest U.S. hospital chain, founded in 1968 by, guess who, Thomas Frist and Thomas Frist Jr., Billy’s father and brother. Thomas Frist Jr. is on the board, and was chairman until 2002. Billy wouldn’t have any idea how to find out how the company was doing, would he?
Now maybe Frist could get away with this if he had a loose relationship to the company, although Martha still couldn’t get away with it, but that’s clearly not the case.
I think the potential charges could also be a lot more severe than what Martha got hit with.