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VIDEO: Katie Porter lambasts Big Pharma over cancer drug price hike using whiteboard calculations Oct 1, 2020
US representative Katie Porter used her now-signature whiteboard as she grilled former Celgene CEO Mark Alles over the connection between the significant price hike for Revlimid - a common cancer drug - and his personal bonus. The Democratic congresswoman for California presented her argument during a House oversight and reform committee hearing that centred on an 18-month investigation into pharmaceutical price gouging. The drugmakers defended the price hikes as the cost of doing research and development and talked about price-reduction programs that their companies offer.
The California Democrat said Celgene more than tripled the price of cancer drug Revlimid to $765 a pill, from $215 in 2005, without significantly improving the treatment. Alles received a $500,000 bonus connected to higher profits from Revlimid in the last two years he served as chief executive of Celgene, Porter said...."To put that in perspective, you hiked the price by $500 per pill when the average Orange County senior only has $528 left in their bank account after they've paid their basic monthly expenses....The average Orange County senior can't even afford one pill.....Do you know what this number is," Porter asked Alles after writing the figure "$13 million" on a whiteboard at her side. Alles responded that he didn't know but that it looked like his compensation....
"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. You just refined your skills at price-gouging,"
https://www.youtube.com/watch?v=qYvW4pm0_fI
VIDEO: Katie Porter’s “Whiteboard of Justice” Mar 16, 2021
Katie Porter (D-Irvine) has made a name for herself as a tough questioner of CEOs, but also, for her whiteboard she uses. She talks about its origin and why it’s an important tool for her.
https://www.youtube.com/watch?v=xudUx0SaL7M
VIDEO: Rep. Porter grills Big Pharma CEO for putting profits before patients Oct 5, 2020
During a recent committee hearing, Congresswoman Katie Porter called out a Big Pharma CEO for spending 3 times as much on stock buybacks than lifesaving research—to the tune of $28,600,000,000....Porter asks Amgen CEO Robert Bradway why he deserves his salary.
https://www.youtube.com/watch?v=n0L0XbnvJ6I
Direct Headline: Rep. Katie Porter says she relishes committee hearings because it's the only place where 'nobody is trying to control me'
Bryan Metzger 10/14/21
....Rep. Katie Porter of California, famous for aggressive of questioning of CEOs with a white board in tow, told Vanity Fair that she likes committee hearings because it's one of the few places in Congress where leadership isn't trying to control members....One disappointment Porter faced when she got to Congress — after flipping a long-held Republican seat while raising 3 kids as a single mother — was a lack of formal power. She had lunch with Ann O'Leary, a former senior Democratic adviser, shortly after coming to DC following her election, where O'Leory said Porter appeared "deflated."...."She was feeling like, this isn't what I signed up for....She got to Congress and was being told, you have to be in your place, stand in line, it will be 15 years before you have any power. She was like, 'I'm a single mom busting my bottom to be here and I'm not waiting 15 years to have impact....'"
"....There are always instructions from leadership," Porter told Vanity Fair. "This is how you vote, this is what our priority is, this is how you should message, this is how much money you need to raise—and the questions in hearings, you can show up and do what you want. It's like looking around and saying, where is it that nobody is trying to control me?"
Porter was later removed from the House Financial Services Committee for her second term, where most of her most noteworthy questioning took place... Vanity Fair reported that the committee chair, fellow California Democratic Rep. Maxine Waters, came to see Porter as "performative" and wanted her off the committee...."Imagine you're Maxine, you've been running that committee for forever, and this freshman who asks questions in the first five minutes is all [that] gets reported—everybody runs the clip of the freshman and nothing about you," another representative anonymously...."Maxine wanted certain people off of her committee—certain people meaning Porter in particular. There was horse trading between her and [Speaker Nancy] Pelosi. It was bull ####," the representative added.....
https://www.businessinsider.com/rep...-committee-hearings-nobody-control-me-2021-10
https://www.cbsnews.com/news/katie-...gene-ceo-mark-alles-viral-video-drug-pricing/
Direct Headline: Why Katie Porter Isn’t on the House Financial Services Committee
by David Dayen February 1, 2021
....Katie Porter, the second-term Democratic congresswoman from Orange County, California, was at it again last week, savaging headlines about Wells Fargo CEO Charles Scharf’s 12 percent pay cut in 2020. “How about we instead focus on the millions of workers in our country who do not even get paid $12 per hour?” she tweeted. It was a typical populist flourish from Porter, a consumer protection lawyer, professor, and researcher, who gained notoriety as a freshman by lacerating financial executives in hearings of the House Financial Services Committee....
....Why would Democrats take one of their most celebrated young phenoms and remove her from a committee where she has as much expertise as anyone in Congress? The question might answer itself. An analysis of the Financial Services Committee and Porter’s time on it reveals that she wasn’t really wanted, perhaps because of the spotlight she garnered and the goals she sought....The first thing to know about the House Financial Services Committee is that the chair, Rep. Maxine Waters (D-CA), shrunk it for the 117th Congress. In 2019-2020 there were 60 members (34 Democrats, 26 Republicans); this term there are 54 (30 Democrats, 24 Republicans)....
....Contrast that with who is serving on the committee. An incredible four chairs of other committees are on Financial Services: New York Reps. Carolyn Maloney (Oversight), Nydia Velázquez (Small Business), and Gregory Meeks (Foreign Affairs), and Georgia’s David Scott (Agriculture). Presumably chairing an entire other committee is a time-consuming job, yet these members—13 percent of the Democrats on Financial Services—are still there......
....In other words, it’s easy to look at the committee makeup and conclude that Porter was singled out.....Porter’s hard-charging style clearly rankled Waters, the committee chair. When Porter began to use visual aids like whiteboards and posters to make her points in hearings, Waters sided with Republicans on multiple occasions and forced her to stop. Later, when Porter played an audio clip at a hearing about debt collectors, Waters publicly admonished her: “Will the gentlelady please refrain from disrupting this committee?”
....Waters stacks her committee with part-timers to more easily control the agenda.....After the 2018 midterms, a lack of interest in the committee allowed a handful of progressives to join it. But when one of them, a consumer protection expert with deep knowledge of financial regulation, someone who previously said that financial services “is my life,” wanted to use the committee’s power to stand up for ordinary people and restructure financial markets to end the ripoffs? Well, Waters can’t have that....This is not the first time Porter has been passed over. She lost out on a role overseeing the CARES Act corporate bailout to Donna Shalala, who had no experience with the core issues involved. You shouldn’t wonder why Democrats don’t have much of a bench when they treat rising stars this way.....
https://prospect.org/politics/why-katie-porter-not-on-house-financial-services-committee/
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US representative Katie Porter used her now-signature whiteboard as she grilled former Celgene CEO Mark Alles over the connection between the significant price hike for Revlimid - a common cancer drug - and his personal bonus. The Democratic congresswoman for California presented her argument during a House oversight and reform committee hearing that centred on an 18-month investigation into pharmaceutical price gouging. The drugmakers defended the price hikes as the cost of doing research and development and talked about price-reduction programs that their companies offer.
The California Democrat said Celgene more than tripled the price of cancer drug Revlimid to $765 a pill, from $215 in 2005, without significantly improving the treatment. Alles received a $500,000 bonus connected to higher profits from Revlimid in the last two years he served as chief executive of Celgene, Porter said...."To put that in perspective, you hiked the price by $500 per pill when the average Orange County senior only has $528 left in their bank account after they've paid their basic monthly expenses....The average Orange County senior can't even afford one pill.....Do you know what this number is," Porter asked Alles after writing the figure "$13 million" on a whiteboard at her side. Alles responded that he didn't know but that it looked like his compensation....
"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. You just refined your skills at price-gouging,"
https://www.youtube.com/watch?v=qYvW4pm0_fI
VIDEO: Katie Porter’s “Whiteboard of Justice” Mar 16, 2021
Katie Porter (D-Irvine) has made a name for herself as a tough questioner of CEOs, but also, for her whiteboard she uses. She talks about its origin and why it’s an important tool for her.
https://www.youtube.com/watch?v=xudUx0SaL7M
VIDEO: Rep. Porter grills Big Pharma CEO for putting profits before patients Oct 5, 2020
During a recent committee hearing, Congresswoman Katie Porter called out a Big Pharma CEO for spending 3 times as much on stock buybacks than lifesaving research—to the tune of $28,600,000,000....Porter asks Amgen CEO Robert Bradway why he deserves his salary.
https://www.youtube.com/watch?v=n0L0XbnvJ6I
Direct Headline: Rep. Katie Porter says she relishes committee hearings because it's the only place where 'nobody is trying to control me'
Bryan Metzger 10/14/21
....Rep. Katie Porter of California, famous for aggressive of questioning of CEOs with a white board in tow, told Vanity Fair that she likes committee hearings because it's one of the few places in Congress where leadership isn't trying to control members....One disappointment Porter faced when she got to Congress — after flipping a long-held Republican seat while raising 3 kids as a single mother — was a lack of formal power. She had lunch with Ann O'Leary, a former senior Democratic adviser, shortly after coming to DC following her election, where O'Leory said Porter appeared "deflated."...."She was feeling like, this isn't what I signed up for....She got to Congress and was being told, you have to be in your place, stand in line, it will be 15 years before you have any power. She was like, 'I'm a single mom busting my bottom to be here and I'm not waiting 15 years to have impact....'"
"....There are always instructions from leadership," Porter told Vanity Fair. "This is how you vote, this is what our priority is, this is how you should message, this is how much money you need to raise—and the questions in hearings, you can show up and do what you want. It's like looking around and saying, where is it that nobody is trying to control me?"
Porter was later removed from the House Financial Services Committee for her second term, where most of her most noteworthy questioning took place... Vanity Fair reported that the committee chair, fellow California Democratic Rep. Maxine Waters, came to see Porter as "performative" and wanted her off the committee...."Imagine you're Maxine, you've been running that committee for forever, and this freshman who asks questions in the first five minutes is all [that] gets reported—everybody runs the clip of the freshman and nothing about you," another representative anonymously...."Maxine wanted certain people off of her committee—certain people meaning Porter in particular. There was horse trading between her and [Speaker Nancy] Pelosi. It was bull ####," the representative added.....
https://www.businessinsider.com/rep...-committee-hearings-nobody-control-me-2021-10
https://www.cbsnews.com/news/katie-...gene-ceo-mark-alles-viral-video-drug-pricing/
Direct Headline: Why Katie Porter Isn’t on the House Financial Services Committee
by David Dayen February 1, 2021
....Katie Porter, the second-term Democratic congresswoman from Orange County, California, was at it again last week, savaging headlines about Wells Fargo CEO Charles Scharf’s 12 percent pay cut in 2020. “How about we instead focus on the millions of workers in our country who do not even get paid $12 per hour?” she tweeted. It was a typical populist flourish from Porter, a consumer protection lawyer, professor, and researcher, who gained notoriety as a freshman by lacerating financial executives in hearings of the House Financial Services Committee....
....Why would Democrats take one of their most celebrated young phenoms and remove her from a committee where she has as much expertise as anyone in Congress? The question might answer itself. An analysis of the Financial Services Committee and Porter’s time on it reveals that she wasn’t really wanted, perhaps because of the spotlight she garnered and the goals she sought....The first thing to know about the House Financial Services Committee is that the chair, Rep. Maxine Waters (D-CA), shrunk it for the 117th Congress. In 2019-2020 there were 60 members (34 Democrats, 26 Republicans); this term there are 54 (30 Democrats, 24 Republicans)....
....Contrast that with who is serving on the committee. An incredible four chairs of other committees are on Financial Services: New York Reps. Carolyn Maloney (Oversight), Nydia Velázquez (Small Business), and Gregory Meeks (Foreign Affairs), and Georgia’s David Scott (Agriculture). Presumably chairing an entire other committee is a time-consuming job, yet these members—13 percent of the Democrats on Financial Services—are still there......
....In other words, it’s easy to look at the committee makeup and conclude that Porter was singled out.....Porter’s hard-charging style clearly rankled Waters, the committee chair. When Porter began to use visual aids like whiteboards and posters to make her points in hearings, Waters sided with Republicans on multiple occasions and forced her to stop. Later, when Porter played an audio clip at a hearing about debt collectors, Waters publicly admonished her: “Will the gentlelady please refrain from disrupting this committee?”
....Waters stacks her committee with part-timers to more easily control the agenda.....After the 2018 midterms, a lack of interest in the committee allowed a handful of progressives to join it. But when one of them, a consumer protection expert with deep knowledge of financial regulation, someone who previously said that financial services “is my life,” wanted to use the committee’s power to stand up for ordinary people and restructure financial markets to end the ripoffs? Well, Waters can’t have that....This is not the first time Porter has been passed over. She lost out on a role overseeing the CARES Act corporate bailout to Donna Shalala, who had no experience with the core issues involved. You shouldn’t wonder why Democrats don’t have much of a bench when they treat rising stars this way.....
https://prospect.org/politics/why-katie-porter-not-on-house-financial-services-committee/
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