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Drug Companies Pay Up in Illegal Marketing Cases, But Are Penalties Enough?(0)

May 5, 2016

Big Pharma has written more than $30 billion in checks in the last 10 years to resolve government allegations of illegal marketing, according to consumer watchdog group Public Citizen. Yet those sums are essentially petty cash for the drug giants, says Public Citizen, amounting to less than 5 percent of the net profits raked in by the 11 largest global pharmaceuticals firms over a similar period.

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The Conflict Between a Corporation’s Global Standards and National Law

China’s extensive state censorship is just one example of the challenges that companies frequently confront when doing business globally. In an excerpt from his new book, former GE legal counsel Ben W. Heineman, Jr. examines the “recurrent dilemma” confronting businesses when a corporation’s global ethical standards collide with national law.

Spotlight on Whole Foods CEO’s Ties to ‘Spiritual Leader with Troubled Past’

Whole Foods Market chief executive John Mackey serves as board chair of the Center for Integral Wisdom and has endorsed the think tank’s founder, Marc Gafni, a former rabbi who’s been accused of sexual misconduct in the past. Columnist Gael O’Brien discusses the potential impact of the controversial relationship on Whole Foods as a company and on the Conscious Capitalism movement Mackey has been promoting.

Taking Time to Reflect on the Value of Leadership

Understanding the impact one has on others is an obvious requirement for today’s business leaders. So as we plan for the year ahead, writes columnist Gael O’Brien, the process of reflecting on leadership is valuable – and critically important to “leaders earning the right to be followed, employees feeling that what they do matters and customers not being put at risk.”


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