J&J pulled a Charlie Sheen this week – they are definitely winning. The Reputation Institute came out with its list of most respected companies in America. Last year, J&J was the most respected firm in America. No longer. The Toxic Tylenol Tragedy and over 50 product recalls caused the company to drop in the rankings by about 4.5 points. However, despite J&J Management’s best efforts to completely screw the company, J&J still placed third.
Kudos for this tremendous achievement need to go to J&J Communications Department! They have done an awesome job of burying the dead bodies, confusing the nation’s public and hiding the news and generally keeping a lid on this thing. They’ve kept their disgraced leader in power and helped keep the stock price from tanking any further. I’ve been critical of J&J’s Communications in the past, but this is some top-notch work!