The Story Behind The Craziest Corporate Collapse Of The Last Decade

Things have gone from bad to worse this week at drug giant Valeant Pharmaceuticals, and its future is looking bleak.

After months of scandals and falling stock value, the debt-saddled Canadian company announced Monday that it had fired its CEO and reshuffled some of the seats on its board of directors -- though it still can't get rid of one disgraced former exec who still sits on the board. It also admitted to some shady accounting practices.

The company will re-release basically...


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