Biz

Nephron Debacle Rolls On

NIKKI HALEY’S CRONY CAPITALIST ADVENTURE CONTINUES Remember Nephron Pharmaceuticals? That’s the crony capitalist company we blew out of the water in our expansive exclusive report last October (and a follow-up report in March of this year). This company vowed four years ago to create 707 new jobs at more than $70,000 a…

NIKKI HALEY’S CRONY CAPITALIST ADVENTURE CONTINUES

Remember Nephron Pharmaceuticals?

That’s the crony capitalist company we blew out of the water in our expansive exclusive report last October (and a follow-up report in March of this year).

This company vowed four years ago to create 707 new jobs at more than $70,000 a pop – for which its top executives (who happen to be cronies of S.C. governor Nikki Haley) received hundreds of millions of tax dollars.

Must be nice, right?

We said this was a bad deal at the time … and it has been.  As of last year, sources tell FITS only seventy employees were working in the firm’s West Columbia, S.C. headquarters – making an average of $45,000.

Of course Haley was able to use the company as a backdrop during a recent visit by former Florida governor Jeb Bush.

What’s the latest with Nephron?

According to news reports coming out of Orlando, Florida – where the company is headquartered – Nephron is laying off anywhere from 200-400 workers from its Sunshine State facility beginning in January.

As many as 180 of these jobs are likely to be moved to South Carolina, although it’s not clear whether they will be new positions – or whether the Florida workers will replace Palmetto State workers.

That’s been the modus operandi at Nephron since it opened its new facility.

“Nephron is crumbling, no South Carolina folks are left in upper management,” one source told us.

We’ll be sure to update our readers as soon as we learn more about the company’s plans … in the meantime, it looks as though the company’s cash crunch is ongoing.

***

Related posts

Biz

Prioleau Alexander: The Pizza Man Cometh

E Prioleau Alexander
Biz

Port Of Charleston Reopens After ‘Software Issue’

Will Folks
Biz

Joe Biden Drains America’s Petroleum Reserves … Again

Will Folks

35 comments

Mickey October 28, 2015 at 8:40 pm

Rich people get government incentives. For sure, the rich people pay for their jets, big houses, and very, very nice things. They may or may not hire working people. But they will have their private jets, etc.

Reply
Making an ASS of yourself October 28, 2015 at 9:38 pm

They donated $30 million to USC’s Pharmaceutical School…you ignorant Motherfucker.

Reply
nitrat October 28, 2015 at 9:51 pm

Has the check cleared?

Reply
Squishy123 October 28, 2015 at 9:53 pm

No more than Darla Moore’s checks.

Reply
jimlewisowb October 28, 2015 at 10:03 pm

My limited understanding is that they “pledged” $30 million

Never did read anything that stated they actually coughed up the money to USC

Also wonder if they did cough up some funds did they use any of the taxpayer’s incentive money toward the “pledge”

Sounds like a shell game, I’ll give you $50 if you will give me $100

Reply
U R A TAKER October 29, 2015 at 8:36 am

STFU you ignorant Liberal-tarian piece of Drunken, slobbering shit.

The Kennedys are Republicans (which is why your liberal Dick-sucking ass hates them)…if they were even a day late w/ a penny..The State newspaper would crucify them…you stupid, intoxicated, uneducated Bastard. And then FITS would piggy-back off that…

GET off your Lazy-Government Check-Gobbling ass..and get a fucking JOB. For a Deadbeat Beggar like you, to attack these GENEROUS, producing, Contributors is ludicrous…and disgusting…

Reply
Rocky Verdad October 29, 2015 at 1:35 pm

Check out the comments on Glassdoor.com. Very few good reviews of the CEO. BTW – most CEOs don’t manage based on their political affiliation. You’d think you figured that out with Trump.

jimlewisowb October 29, 2015 at 3:33 pm

10+, way to go Rocket Man

Dick October 29, 2015 at 4:13 pm

They have not donated one penny. All hot air.

Reply
Jackie Chiles October 28, 2015 at 8:42 pm

Well, after they move here, they’ll be sc workers.

Reply
Sic Semper Tyrannis October 28, 2015 at 8:43 pm

In other words, fired without benefits.

Reply
stumpknocker October 28, 2015 at 9:00 pm

Sic you should see the difference in safety agreements on the job with boeing that the union workers are protected under as apposed to sc workers

Reply
Crony Capitalism October 28, 2015 at 9:08 pm

I travel the state and frequently see companies lured here with taxpayer dollars that are obviously not fulfilling their employment promises. It happens all the time, it’s just been under the radar up until recently…the internet helps too.

Pols love having the power of the purse, because eventually the taxpayer money they dole out come back to them personally in a variety of ways- after “public service” consulting or board gigs, speaking fees, etc.,

Reply
Theresa Hendrick October 30, 2015 at 6:13 am

??

.…my buddy’s half-sister $97 working on a PC onIine……..A few days ago new McLaren F1 subsequent after earning 18,512$,,,this was my previous month’s paycheck ,and-a little over, $17k Last month ..3-5 h/r of work a day ..with extra open doors & weekly paychecks.. it’s realy the easiest work I have ever Do.. I Joined This 7 months ago and now making over $83, p/h..Learn More right Here….
my………………….
??
??? http://GlobalEmploymentReportsTopStarJobsProfitable/Get/$97hourly… ?????????????????????????????????????????????????

Reply
stumpknocker October 28, 2015 at 9:19 pm

carson is winning the shit out of this debate

Reply
Uh huh October 29, 2015 at 9:09 am

by the virtue of being the least annoying….tallest midget in the circus.

Reply
TARevolution October 29, 2015 at 9:37 am

Then why is FITS scared to print anything about it??….LMAO…I think we all KNOW hwy…Hahahahaha..

Reply
Uh huh October 29, 2015 at 10:57 am

All your laughing reminds me of The Joker.

Reply
TARevolution October 28, 2015 at 9:35 pm

FITS Wrote: “Seventy employees were working in the firm’s West Columbia, S.C. headquarters – making an average of $45,000.”

Obama has 94 million NOT working and 50 milion on Food Stamps…and you kiss his ass…imbecile…

PS: You told us Amazon was a disaster too..and you like a fucking idiot now…how much longer before Nephron slap you upside the head, like Amazon has…

Reply
Rakkasan October 29, 2015 at 11:59 am

Flip: you’re confusing a single-payer health care system with a single payer employment and welfare system.

PLEASE take the meds they gave you. We have plenty of crazy already. We don’t need any more.

Reply
dwb619 October 28, 2015 at 11:00 pm

What about NIMRATA’s Florida buddy, think his name was Mandina?

Reply
shifty henry October 29, 2015 at 9:04 am

Caller: May I speak with Prime Minister Lumumba?
Operator: I’m sorry but the Lumumba you have called is not a working Lumumba.

Reply
TARevolution October 29, 2015 at 4:41 am

The Debacle is for FITSNews, the media and the Easblishment. Did you see the Debate. That was FITSNews, the liberals’ and the Liberal-Tarians’ WORST Nightmare…

The most-significant presidential debate in history..and FITS is MUM.

That SILENCE speaks VOLUMES about all of you are…There are no more lies for you to hide behind. You Declared WAR on Conservatives, Free Speech and America, in Colorado…And by God Your are going to GET IT….

Reply
TontoBubbaGoldstein October 29, 2015 at 8:50 am

*Apologies to Donovan*

Sings:
“I’m just mad about Nephron…
And Nephron’s mad about me….
I’m just mad about Nephron…
And Nephron’s mad about me…

They call me “Tricky Nikki” (Quite rightly)….”

Reply
U R why we're called Backward October 29, 2015 at 8:58 am

Nephron INVESTS Millions and Millions in this state…and you have ignorant, backward, idle idiots, like FITSNews, gratuitously attacking them, because they are not leftwing, ideologues..like him…

When they call us stupid…look no further than FITS, if you need evidence…but remember: the people who hate us..and use our fools against us…are in Lockstep w/ FITSNews. We do have have our pockets of hate, low-intelligence and incompetence…and every Dumbass that gives our state a bad name, votes Democrat and has the mentality of FITS.

Reply
staffer October 29, 2015 at 9:09 am

I heard Nephron’s employees eat children.

Reply
Point of Order October 29, 2015 at 9:12 am

Only the children of SC taxpayers.

Reply
UR a burden, not a contributor October 29, 2015 at 9:26 am

The they don’t eat Democrat children, do they?

Reply
Point of Order October 29, 2015 at 10:57 am

There are some Democrats that pay taxes, it’s just that many of them have jobs in government so it’s a circular non-productive type of thing.

Reply
Roseanne October 29, 2015 at 10:35 am

Seems like it only counts as “blowing them out of the water” if your story had some actual effect on them.

Reply
michelle October 29, 2015 at 10:37 am

Oh, and how about Raj Mantena at p4healthcare and his big fancy private jet????????

Reply
Rocky Verdad October 29, 2015 at 1:34 pm

The reviews on Glassdoor.com aren’t steller. Paints a picture of an OK place to work, with horrible management. Not much good said about the CEO. They’ll expand out a fwe more products and sell to a big Pharma giant from up north and the jobs will go to Puerto Rico and Brazil. Tchao!!!

Reply
Lone Ranger October 29, 2015 at 3:00 pm

And at least Kenny Bingham’s company got ANOTHER fat contract in the deal !!!

Reply
ex employee October 29, 2015 at 3:40 pm

According to SC Sec. of State, Nephron Pharmaceutical is a foreign corporation.

Reply
Waverunning October 31, 2015 at 1:56 pm

What a boondoggle. . . .

Reply

Leave a Comment