Toy CEO says it 'sickens' him that people profit from a shortage of supplies to fight coronavirus
As the coronavirus pandemic escalates, many companies have shifted their focus to help fight the virus — including toy-making giant MGA Entertainment, which is donating medical supplies like masks to front-line responders. In an interview with Yahoo Finance's "On the Move" on Monday, MGA Entertainment CEO Isaac Larian lamented the fact that anybody would be making money off of the shortage of medical supplies in the midst of a crisis. Some cities are paying $4-$6 for essential masks that MGA Entertainment is buying for $1.65 and donating directly to hospitals, according to Larian. "There are a lot of profiteers in the middle here ... Somebody in the middle is making a lot of money from this unfortunate event," he said, "which frankly sickens me." MGA's project to donate medical supplies, dubbed "Operation Pac Man," utilizes the toy company's distribution connections to buy medical supplies at cost and donate them directly to hospitals...