Bingo. Rep. Katie Porter (D., Calif.) berated JP Morgan Chase Bank for its entry-level wages, but a review of staff salary disclosures shows she is paying members of her staff comparable wages. "However, women working for Warren were paid just 71 cents for every dollar paid to men during the 2016 fiscal year, according to a Free Beacon analysis.". Porter (Democratic Party) is running for re-election to the U.S. House to represent California's 45th Congressional District.She is on the ballot in the general election on November 3, 2020. "The Oversight Committee found that if you hadn't increased the price of Revlimid, you wouldn't had gotten your bonus.". But have you seen how much Katie Porter paid her campaign staffers during her 2018 campaign? And by the time Alles left the company late last year, after its sale to Bristol-Myers Squibb, a single Revlimid pill cost $763. "Just to recap here: The drug didn't get any better, the cancer patients didn't get any better, you just got better at making money," she said. California Rep. Katie Porter criticized the former CEO of Celgene Pharmaceuticals during a congressional hearing Wednesday for collecting a multimillion-dollar salary while raising the price of a lifesaving drug. Why is Medicare paying out $3.3 billion for Revlimid? How she called out Big Pharma CEO on $13M salary and why she asked to chip in $5 for reelection. Requests for comment to the House Office of Payroll and Benefits to confirm that the information in the Roll Call report was still current were not returned. Porter said the CEO's salary was '200 times the average American's income and 360 times what the average senior makes on Social Security' Our editorial content is not influenced by any commissions we receive. "Last year's [Census Bureau] figures, showing that women earned 79.6 percent of what men earned, put Equal Pay Day on Tuesday April 4, more than three months into the calendar year," the Free Beacon reported this spring. Porter asked. On September 18, 2020, Supreme Court Justice Ruth Bader Ginsburg passed away at age 87. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org. But what exactly makes Katie's wealth such an outrageous amount? The website Legistorm.com, which tracks members of Congress as well as their staff, estimates that the annualized salary of the two Porter staffers in the graph above making $35,000 will actually have an annualized salary of $35,486, a figure that would seem to incorporate bonuses. — Rep. Katie Porter (@RepKatiePorter) September 30, 2020 Next, she drew a new figure: $13 million ― referring to Alles’ salary as Celgene CEO in 2017. Porter first asked Alles what the cost of the cancer drug Revlimid was in 2005, 2013, 2017, and today. Mr. Alles gets nice big bonuses if he raises the cost—or, say, triples the cost since 2005—of Revlimid. Her storied 27-year tenure as the... Sign the petition: Traditional media cannot make premature calls on Election Night. 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Kathryn Krawczyk , The Week • September 30, 2020. Alles answered by saying Revlimid proved effective in more patients. "That's a lot of money. She then suggested the massive bonus—not research and development—was the primary motive to increase in drug prices. Additionally, the California "employee" of JP Morgan did not have student loan repayments in the budget delineated by Rep. Porter. See full episodes here. Porter decided to pull out her big white board and give Alles—and America—a lesson in what exactly CEOs of these companies do for a living: price gouge the American people. Porter rhetorically responded, outlining how the average senior in her district couldn't even afford one pill. former Celgene CEO Mark Alles joined two other pharmaceutical company CEOs to testify about drug pricing at a House Oversight Committee hearing. In fact, Alles admits that a lot more uses for the pill were discovered, meaning a ton more patients use it, and shockingly, nothing about the pill or its efficacy has changed. And with all her endeavors, it would be hard not to. You just refined your skills at price gouging!”. Todd Shepherd - September 3, 2019 5:00 AM. California Rep. Katie Porter presented another masterclass in political interrogation. Alles?" Sweet deal. Porter said the number was Alles’s salary, which she said was 200 times that of the average American and 360 times the amount that the average American senior receives from social security. Amen. 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The committee’s findings on Celgene’s price gouging can be found in its report here. He spent eight years as the investigative reporter for the Independence Institute in Colorado, a free-market-based think tank. "So you discovered more patients who might benefit from paying $763 a pill?" Her storied... Sign and send the petition: The Senate must wait until after Inauguration Day to confirm a new Supreme Court justice. Because of coronavirus, an unprecedented... Daily Kos moves in solidarity with the Black community. And lo and behold! "My question for you, Mr. Dimon, is how should she manage this budget shortfall while she's working full time at your bank?" On Wednesday, the Democratic lawmaker began trending on Twitter after she grilled a pharmaceutical CEO on his wildly high salary and the significanct price surge for Revlimid—a cancer drug commonly used to treat multiple myeloma and myelodysplastic syndrome. Who is Katie Porter? He began his reporting career in radio, working as an anchor and reporter for KOMA in Oklahoma City and KOA in Denver. A video of Porter’s questioning has since been viewed over 15 million times. Porter said Alles’s compensation was based on Celgene’s profits, accusing him of raising the price Revlimid, a drug used to combat cancers in bone marrow, in order to increase Celgene’s profits and his own salary. On Friday September 18, 2020, Supreme Court Justice Ruth Bader Ginsburg, a women's rights icon, died at 87. Porter started her takedown by asking Alles if he knew what a Revlimid pill cost in 2005: $215, she reminded him with the help of a whiteboard. In fact, for bringing the average monthly cost of the cancer drug to a patient up to, Finally, Rep. Porter gave a summation that even a, Katie Porter reminds pharma CEO how much of his $13 mil salary came from tripling cancer drug price, banking industry and its moral bankruptcy, Ways to get involved in the 2020 Election. In case you missed it, Katie Porter lit into JP Morgan’s CEO today over the salary of bank tellers at Chase Bank. In case you missed it, Katie Porter lit into JP Morgan’s CEO today over the salary of bank tellers at Chase Bank. What a hypocrite.” – NRCC Spokeswoman Torunn Sinclair, Paid for by the NRCC and not authorized by any candidate or candidate's committee. She is frequently using her time in House committee hearings to face off against the smartest men in the room: the CEOs of Fortune 500 companies. “So to recap here, the drug didn’t get any better, the cancer patients didn’t get any better, you just got better at making money. We must have accurate and complete results. "Did the drug get substantially more effective in that time? Rep. Katie Porter (D-Calif.) never wastes an opportunity to roast a CEO. Porter said, after writing "$13 million" on the board. She walked Dimon through a theoretical single mother's budget line by line and concluded she would live with a $567 monthly shortfall on a JP Morgan bank teller salary. The cancer patients didn't get any better. “It’s 200 times the average American’s income and 360 times what the average senior gets on Social Security,” Porter said. She wasn't done. She then reminded Alles just how he made "half a million dollars, personally, just by tripling the price of Revlimid." Todd Shepherd is a former staff writer for the Washington Free Beacon. Twitter users couldn't get enough of Porter's performance. In fact, for bringing the average monthly cost of the cancer drug to a patient up to $16,023, Alles was able to pocket an extra $500,000. And with so many supporters, Katie's one of the most highly valued people the US House Of Representatives has to offer. She went on to say that of that $13 million, $2.1 million was a bonus for the company hitting its yearly earning targets. "Interns are not eligible, nor are part-time or temporary workers, even those who are paid," a 2015 report from Roll Call detailed. Rep. Porter has some ideas, even if the CEO doesn’t. Sign the petition: Pledge to continue Ruth Bader Ginsburg’s legacy of fighting for women’s rights. “Does it ring any bells?”. It was even less than a Chase bank teller makes! The short story is that Revlimid cost $215 per pill in 2005 and right now it costs $763 per pill. On Wednesday, three pharmaceutical executives, including former Celgene CEO Mark Alles, testified on drug pricing for the House Oversight Committee.
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