Month: September 2006

[posted on corp-focus, September 14, 2006] Cesspool By Russell Mokhiber and Robert Weissman Ah, the cesspool. That would, of course, be Congress. Aka Capitol Hill. We caught a whiff of the cesspool the other day when a group of corporate liberals announced that they were going to launch yet another “newspaper” to cover the cesspool.…

It’s a grim day for the pharmaceutical industry. A federal monitor has forced out the CEO of Bristol-Myers-Squibb (BMS), for violating the terms of an agreement with prosecutors. The old agreement involved a major accounting manipulation, by which BMS pushed product to wholesalers to misleadingly boost earnings. Under the terms of the deal, BMS was…