Fed say Pfizer too big to nail for crimes
By lilwonders
@lilwonders456 (8214)
United States
April 2, 2010 3:25pm CST
Pfizer got into trouble for illegally pushing some of it's drugs for purposes other than their approved methods of use. The feds stepped in. Found they had seriously broken the law....yet make a deal that let them get off. Why? Because if the feds would have thrown the book at them then the company would have been barred from medicare and medicade....which would have been a death sentence to the company.
Read more about and be as disguested as I am.
http://www.cnn.com/2010/HEALTH/04/02/pfizer.bextra/index.html?hpt=T2
Do you think what they allowed Pfizer to do was right? What would you have done?
1 person likes this
4 responses
@hofferp (4734)
• United States
3 Apr 10
I would have probably done what the Feds did, with one major exception. The fine was equivalent to three months profits...I would have nailed them for a year's worth of profits. The intent would be to put a real hurt on Pfizer. The stockholders would have been p*ssed and called for the heads of the company. And maybe heads would have rolled, creating a potential deterrent for the next group of heads. Simply, they didn't make them hurt enough and I'm afraid it'll be back to the old routine in a few years with yet another product...
@thegreatdebater (7316)
• United States
3 Apr 10
If the feds would have done this MYLOT would have exploded with more anti government BS. Mind you, you are correct in what SHOULD HAVE BEEN DONE, but that doesn't matter at times. What they did was wrong, and they should do something to punish the company. But, if you do something and it causes them to hurt financially, they won't take the blame, they will put it right on Barack, and be first in line walking on Washington with a pitch fork. That is how it works today: if you do something wrong, someone else had to of done it.
@laglen (19759)
• United States
2 Apr 10
well. I really do not know what to say. I think the article says it all. Peoples health is not a concern here. Even just full disclosure is not necessary. Whats really scary is the groups that are supposed to watching this, is involved in it. Where does that leave us?
@lilwonders456 (8214)
• United States
2 Apr 10
Where does it leave us? In a really scarey place. Pfiter can basically do what it wants...if it pays a very small fine (compared to the profits it makes off its illegal acts)...and creates a "dummy company" to plead guilty for them. And our federal government is ok with it. Shocking.
@xfahctor (14113)
• Lancaster, New Hampshire
4 Apr 10
Companies like this get away with stuff all the time. Just look at Monsato. The things those guys get away with would put ordinary people in prison. And yet there are comanies with their hands around the throat of congresss so tightly, they can almost litteraly get away with muder.
