The following article just came out as an ad for a bad company: [It’s not likely that anyone who was living when Johnson & Johnson (NYSE: JNJ) was founded back in 1886 had any inkling of the healthcare giant the company would become. Throughout much of the 20th century and the 21st century, J&J ranked among the bluest of blue chip stocks.
Many investors are counting on Johnson & Johnson to keep up its winning ways for a long time to come. But attempting to predict where the company will be in just 10 years presents a tough challenge.]
Johnson & Johnson is one of many companies which made the hall of shame in my book “Deadly faith”. To find out about its great accomplishments, please google a list of CRIMINAL companies.
Global health care giant Johnson & Johnson (J&J) and its subsidiaries will pay more than $2.2 billion to resolve criminal and civil liability arising from allegations relating to the prescription drugs Risperdal, Invega and Natrecor, including promotion for uses not approved as safe and effective by the Food and Drug Administration (FDA) and payment of kickbacks to physicians and to the nation’s largest long-term care pharmacy provider. The global resolution is one of the largest health care fraud settlements in U.S. history, including criminal fines and forfeiture totaling $485 million and civil settlements with the federal government and states totaling $1.72 billion.