Anonymous
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Anonymous
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Private Equity firms are bailing on Warner Chilcott due to the imminent $500 million plus fine from the OIG for illegal promotional tactics. The FBI and OIG have been hard at work. This is also the reason that the company could not sell itself - no other company is stupid enough to take on the liability created by the type A crazy strategy of Roger and Carl. Any outsider who spent time with them could predict this was going to happen at some point. The unethical culture that rewards results at any cost is not sustainable. Now that they've destroyed the brands they bought, screwed up managed care, and have totally lost the trust of GE's in their biggest franchise Asacol the house of cards will tumble. Sure they'll get their money back through the dividends and payouts but the real value of those assets is lost. Great job Roger....you will be fired either shortly before or after the fine is announced. This is not a joke. Wait and see....