Earlier this month, J&J sunk to a new epic low. The company that once prided itself on integrity and social responsibility was fined over $70 million for bribing doctors in foreign countries (doctors who happened by employees of foreign governments).
What made this more disappointing was the lack of responsibility the company took for its actions. J&J's Corrupt Executive Officer (CEO) William Weldon tried to distance J&J from the crimes - claiming the bribes were handled by subcontractors. It was lame even by Weldon's standards.
So it certainly won’t surprise me next week if J&J's Board of Directors decide to reward Weldon for this latest problem by giving him an extra $5 million in bonus. And that's how J&J deals with ethics.
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