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Pharma CEO: We’re in Business of Shareholder Profit, Not Helping the Sick

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anonymous said:
The quote is

“We try never to forget that medicine is for the people. It is not for profits. The profits follow, and if we have remembered that, they never fail to appear.”​

George Merck was no socialist. Profits are key, but they only follow from a long-term approach to people's health, now and in the future.

If the CEO's head is full of "maximize shareholder return", "2015 4Q foreign exchange gains", and "risk minimization", then we get the Merck we deserve. And the failures we have earned.
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Screw you Burnie, we build it and we will do as we want!
 












Most CEOs at this level are in a very, very unique and different universe...the board brings in a new guy (maybe gal) to fix whatever perceived problem there is....Like a superstar athlete being brought in to assure a championship within 2 years..there's perks, signing bonus, drug testing and BIG money bonuses..these guys aren't looking to be around here in 10 years , 5 is really tops.
 




anonymous said:
Most CEOs at this level are in a very, very unique and different universe...the board brings in a new guy (maybe gal) to fix whatever perceived problem there is....Like a superstar athlete being brought in to assure a championship within 2 years..there's perks, signing bonus, drug testing and BIG money bonuses..these guys aren't looking to be around here in 10 years , 5 is really tops.
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The clock is ticking loudly on Merck's guy. At this rate, Merck will soon be irrelevant and will be replaced on the Dow 30 by a biotechnology company.
 




















anonymous said:
OWell Well Kenn just found Merck's new strategy! FU** You patients All we want is your money!


J. Michael Pearson, The current CEO of Valeant Pharmaceuticals who recently said that his company’s responsibility is to it’s shareholders, while making no mention of his customers who rely on his drugs to live.

“If products are sort of mispriced and there’s an opportunity, we will act appropriately in terms of doing what I assume our shareholders would like us to do.”

Already this year, Valeant has increased the price of 56 of the drugs in its portfolio an average of 66 percent, highlighted by their recent acquisition, Zegerid, which they promptly raised 550 percent. Not only does this have the unfortunate side effect of placing the price of life-saving drugs out of reach for even moderately-insured people, but it has now begun to call into question the sustainability of this rapidly-spreading business model.

http://usuncut.com/class-war/valeant-ceo-shareholder-profit/
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Thanks for posting this.

This scum CEO needs to be exposed.

Also, anyone with any talent working for this crap company deserves everything they get. But, we should all know that anyone working in this field for Valeant lacks judgement.

this stupid comment for stupid CEO should finally allow all the smart ones to get out.

FU CEO VALEANT!
 








ABBVIE r***** said:
Thanks for posting this.

This scum CEO needs to be exposed.

Also, anyone with any talent working for this crap company deserves everything they get. But, we should all know that anyone working in this field for Valeant lacks judgement.

this stupid comment for stupid CEO should finally allow all the smart ones to get out.

FU CEO VALEANT!
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