Defense Secretary Rumsfeld is reaping windfall profits from the global panic over the possible outbreak of avian flu in humans, as demand for Tamiflu increases worldwide.
Tamiflue is turning out to be a private gold mine for Rumsfeld, who was the chairman of Gilead Sciences Inc which produces the drug.
In July, the Pentagon ordered $58 million worth of Tamiflu for U.S. troops, while Congress plans to buy multibillion dollars' worth of the drug.
Mr. Rumsfeld has asked administration lawyers for advice on conflict of interest, but none of them would comment. Instead he consulted an outside lawyer and was advised to keep his stock, to issue a public statement and recuse himself of decisions related to the drug
This is just like that conflict of interest with Cheney who is the former CEO of Haliburton which has won tons of no bid contracts for services in Iraq and is making a good profit off of these high gas prices.
Funny how these things seem to work out for the boys in the white house!