Friday, July 6, 2012

Big Pharma Found Guilty

GlaxoSmithKline was found guilty of what really boils down to "pushing for profit". I am surprised that they admitted to it. However,  the 3 billion dollar fine is really just a slap on the wrist for a company that makes tens of billions of dollars. Big Pharma knows it can do whatever it wants and if they get caught it will only cost them a small portion of what they would net in a year anyway. This attitude permeates throughout corporate America. Even when we see the change that has to happen, will we really every stand up for that change and see it through?

http://www.nytimes.com/2012/07/03/business/glaxosmithkline-agrees-to-pay-3-billion-in-fraud-settlement.html?_r=2&pagewanted=all

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