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Where Valeant, and Corporate America, Went Wrong

Matt Kelly | October 30, 2015

One of the Republican candidates running for president made an excellent point during Wednesday night’s debate. This happens so rarely I am compelled to write about it.

The candidate in question was Mike Huckabee, one of the low-pollers who had to holler his point from the left fringe of the stage. The subject was economic vitality, and Huckabee fired off: “When CEO income has risen 90 percent above the average worker, when the bottom 90 percent of this economy has had stagnant wages for the past 40 years, somebody is taking it in the teeth.”

Nothing could be more true, and the fear that you might fall behind economically—through no fault of your own—is the driving force in American politics right now.

What Huckabee did, however (deliberately or not; I’m guessing not), was to put this huge political issue within spitting distance of a ruinous force running wild through Corporate America these days—one that shows how much all the talk about corporate ethics,...

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