Recent

% | $
Quotes you view appear here for quick access.

RASER TECH INC Message Board

  • scared_to_post scared_to_post Sep 30, 2010 1:53 AM Flag

    Will Higgy be brave enough to do what Johnson & Johnson is doing?

    Johnson & Johnson has a viable business which forces them to do damage control and apologize to the public and shareholders. Do you think Higgy cares? NO WAY!! I can hear him now......"Let them eat cake"

    ========
    WASHINGTON (AP) -- The chief executive of Johnson and Johnson will tell Congress his company "let the public down" with a string of quality problems that have resulted in millions of recalled medicines.

    William Weldon is scheduled to testify Thursday morning before a House panel investigating the company's unprecedented succession of recalls. The maker of trusted brands like Tylenol, J&J has announced nine product recalls since last September, with problems ranging from contamination with bacteria to tiny metal shards.

    In prepared testimony obtained by The Associated press, Weldon also suggests the company made a serious mistake last year when it hired contractors to buy up bottles of defective lots of Motrin, rather than issuing a formal recall. The pills in question did not dissolve correctly.

    "This episode was not a model for how I would like to see Johnson & Johnson companies approach problems with defective products," Weldon states.