Bound to the hip with Trump, ex-Celgene chief Bob Hugin gets whipped in New Jersey Senate race
This wasn’t Bob Hugin’s year to start a new career in politics.
The ex-Celgene exec, widely lauded in the investment community for the company’s fast growth under his leadership, wound up losing the race for the Senate seat for New Jersey to Bob Menendez, despite spending $35 million of his personal fortune on the quest.
In one of the most brutal confrontations during a divisive mid-term election, the ex-Marine Hugin hammered his opponent on ethics following Menendez’s indictment — ending in a hung jury — for corruption related to a plethora of free gifts from a local doc he helped out. The doctor was later convicted for plundering Medicare.
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