Record Label Cuts Ties With CEO Accused Of Hiking Drug Price
A punk label out of Brooklyn is breaking ties with Turing Pharmaceutical's Martin Shkreli after he hiked the price of a drug around 4,000 percent.By Ethan Weston | September 25, 2015
Controversial CEO Martin Shkreli is back in the news. That is, if he ever left.
Shkreli, it turns out, was a silent partner in a minor punk label called Collect Records, which has now decided to cut ties with Shkreli after the recent controversy.
Founder of Collect Records Geoff Rickly said in a statement that the label and its artists have "agreed to fully sever our relationship with Martin Shkreli, effective immediately."