Nobody downloaded yet

Forest Labs Case - Essay Example

Comments (0) Cite this document
Summary
Was the Government wrong against Howard Solomon Forest Labs? Howard Solomon is the head of Forest Labs which is a growing pharmaceutical company in the United States. He has been the CEO of this company since 1977, and the proxy statement of the company in 2010 says that “he possesses detailed and in-depth knowledge of the issues, opportunities and challenges facing the company” (Henning)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
Forest Labs Case
Read TextPreview

Extract of sample "Forest Labs Case"

Download file to see previous pages The new profits earned through the sales of Celexa were used by Solomon for the expansion of the company; he licensed several other drugs from pharmaceutical companies of Europe. However, Solomon has been accused of excessive marketing and the expansion of Forest is deemed as dangerous for other companies. Also, the profits made by Forest Labs over such a short span of time are unreasonable high. The previous year Solomon earned $8.3 million as the CEO of the company. However, it was found out that the Marketing Department had been marketing the earlier named antidepressants to adolescents and children, and that too illegally, although these drugs are not suitable for them. Hence, the Obama Administration decided to oust Howard Solomon from doing further business. Solomon agreed to pay a fine of $313 million for resolving the issue (Hooper and Henderson). In my opinion, the decision taken by the Government was ethical. This is because several pharmaceutical companies have been alleged of conducting business unethically in the past, but none of the charges or penalties levied against them seemed to have a deterrent effect on their business. Ousting a companies' CEO for conducting such activities should definitely bring out the desired effect as he would make efforts to correct the mal-practices prevalent in his company. There is always a counter argument which states that only ousting a CEO would not prevent the company from putting an end to its illegitimate practices; one should rather take a serious action against the entire marketing department which can directly be blamed for the offense. But, being the CEO of the company, the Government has full rights to hold Howard Solomon accountable for all the mal-practices going on within his company. The company shall also be fined a very heavy sum which is equivalent to the amount of sales made during the period of illegal marketing. But, I believe, the Government is justified in taking the step it took as it would serve as a starting ground and other CEOs whose companies are also indulged into such activities would learn lessons from it and would take action to stop any objectionable activities within them. By taking this decision, the Government is trying to send a message to the entire industry which, hopefully, would be heard by them. Also, there is a certain provision in the Federal Law that legitimizes the exclusion of an individual who has not been alleged of a crime. Hence, this action of the Government is in coherence with the American Law and thus, the Government cannot be questioned. By concealing negative case study about Celexa and by pushing sales representatives to pay illegal kickbacks to pediatricians, the senior executives of Forest Labs indeed proved to be highly culpable (Singer). Antidepressants can be highly lethal for adolescents and children. It is a belief that this is a cause of suicidal behavior in children and mental illnesses. This fact has been verified by the Food and Drug Administration (FDA). Among the various side effects that children experience due to such medications the common ones are feelings of sedation and weight gain, whilst some children may feel more energized with the intake of antidepressants. In short, antidepressants cause psychotic problems in children which are very harmful. Hence, I believe that ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Forest Labs Case Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/business/1430292-forest-labs-case
(Forest Labs Case Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/business/1430292-forest-labs-case.
“Forest Labs Case Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1430292-forest-labs-case.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Forest Labs Case

FOREST ELEPHANT AND ITURI FOREST IN CONGO

...?Running head: ITURI FOREST IN CONGO Ituri Forest in Congo Introduction The Ituri Forests expand over 24,000 sq. miles of area and are one of the most exquisite, variegated strips of landscapes present in the world. Situated in Central Africa, under the control of the Northern Democratic Republic of Congo, the Ituri Forests have been occupied by several wildlife and plant varieties and not to forget, the 40,000-year-old inhabitants- Mbuti and Efe. Of late, the exposure about the land and its usefulness has spread across rapidly and people have started to exploit the natural aspects illegally, unmindful of the negative impacts it could have on the place. Activities like...
6 Pages(1500 words)Essay

Labs H, P, & S

...on the other side of the meter. The second weight was moved along the meter until it balanced. The weights and distances at which the meter balanced were recorded. The experiment was repeated using different weights and distances from the fulcrum, and their distances and weights recorded as shown in the result table below. SKETCH C Distance 1 Distance 2 Weight on the left Weight on the right Counterclockwise moments Fulcrum Clockwise moments RESULTS AND ANALSIS Moments= Force X Distance Principles of moments: counterclockwise moments= clockwise moments (Shipman). Therefore, Counterclockwise moments in the first case= (10 X 4) + (10 X10) = 140ozcm Clockwise moments in the first case = (15 X 30) + (x X 39)...
3 Pages(750 words)Lab Report

Emerald Forest

...Emerald Forest The film “Emerald forest” by John Boorman depicting the lives of individuals living in the Brazilian rainforest, is a complete caricature of how man has always lived with others in the society; sometimes considering the things he does to be more perfect and superior to his neighbor’s who might be more reserved towards his culture, religion and his environment at large. “Emerald Forest” is based on a true story of the life of a young man, Tommy, who is silently abducted by the inhabitants of the Amazon when he does not heed his father’s warning over the dangers of moving deep into the forest. This scenario happens when the entire family apparently decides...
5 Pages(1250 words)Movie Review

Forest Industry

...Is the Government in Ontario doing the best it can to contain the amount of logging and sustain the Forest Industry' Canada is a country known for the huge forests present within its boundaries. Not only do these forests provide the scenic beauty generating huge amounts of profits for the tourism industry present there and impacting the economy of the country, but they also provide jobs and raw materials to the industries around. Of late, we've seen depletion of all the resources the forests can offer and commercialization taking its toll on them and commercialization making inroads into the system. The direct result of all this, is the unprecedented depletion of all the...
10 Pages(2500 words)Case Study

Forest Conservation

...What is the ideal definition of forest conservation? What has been the meaning and idea behind calls for conservation of forests in Canada? Do we need to move towards sustainable harvest or is the protection of natural resources and wild species more important? Are conservation of natural resources like timber and wild species contradictory with sustainable development of well being of the common mass? In this context, what can we say about the Boreal Forest? Forest conservation can be defined as an integrated, well developed process of protection, preservation, management and restoration of forest. Time demands a shift from the visual way of defining...
7 Pages(1750 words)Essay

Forest Fire

...Forest Fire Quite a number of forest fire danger rating systems have been designed across the world including that developed by the United s of America. The main purpose of a forest or wildland fire management is to provide a means by which resources can be appropriately allocated to a country or region on daily basis (Taylor & Alexander, p2). This is done based on facts such as existing and forecasted levels of danger of a fire in a place. Fire danger measures are useful in providing data or information that is vital in making fire management decisions. Outputs from fire danger rating systems can be used for prevention planning, preparedness planning, detection planning, initial attack dispatching, fire behavior evaluation just... system...
1 Pages(250 words)Article

IQ Test Labs

...IQ Test Labs After taking the free IQ tests from the IQ Test Labs website, the results revealed that one’s “age adjusted IQ score is 103 and the average score of all test takers is 100” [IQT11]. It was thereby disclosed from the analytical report of the results that I generated a higher average grade that was more explicitly explained as “Your performance on the test was above the population average which means that you have the ability to achieve success in life. Whatever you decide to do you have a powerful mix of skills and insight that can be applied in a wide variety of ways. You are able to think critically and communicate very effectively and you also have the ability to handle most academic challenges. If you think... in...
2 Pages(500 words)Coursework

Labs 1,2,3,4,5,6,7

...Lab work s name: LAB 2. Experiment 1 Table 1: Applied force required to slide cup Cup Material Force Applied F1 m1 = 300 g water Force Applied F2 m2 = 150 g water F1 / FN1 F2 / FN2 PLASTIC 2.8 1.4 107.1 107.14 2.9 1.4 103.4 107.14 2.8 1.5 107.1 100 2.9 1.4 103.4 107.14 2.9 1.4 103.4 107.14 Avg:2.86 Avg:1.42 Avg:104.88 Avg:105.7 STROFOAM 3.1 1.8 96.8 83.33 3 1.9 100 78.9 3.2 2 93.75 75 3.0 1.9 100 78.9 3.0 1.8 100 83.33 Avg:3.06 Avg:1.88 Avg:98.11 Avg:79.8 PAPER F1 m1 = 150 g water F2 m2 = 100 g water F1 / FN1 F2 / FN2 2.5 0.9 60 111.1 2.6 0.8 57.6 125 2.8 0.9 53.5 111.1 2.8 0.7 53.5 142.8 2.6 1 57.6 100 Avg:2.66 Avg:4.3 Avg:45.64 Avg:118 Surface description -The surface used was a wooden...
10 Pages(2500 words)Lab Report

Forest Fires

...FOREST FIRES Fire has been a frequent occurrence in history some due to human causes during the rest of the prevailing weather conditions and fuel. Taking the case of Yellowstone fires of 1988, there is a lot that one can learn from the incident. The Yellowstone fires of 1988, when combined formed the largest wildfire in the history of this park in the United States (Apel, 78). The fire that started as many smaller individual fires by a simple lightning strike, quickly spread out of control due to increasing winds. The Yellowstone fires of 1988 were largely influenced by weather conditions including as wind speed, lack of precipitation and wind direction. Forest fuels at that time grew...
2 Pages(500 words)Lab Report

Oedometer Labs Test

...Set-up of the Oedometer test The set-up involves first weighing the consolidation ring with the glass plate (Wesley, 2010). The height (h) of the ring is measured together with its inside diameter (d). The soil sample from the sampler is ejected. The initial specific gravity and moisture content of the soil is determined. A length of about three-inch sample is cut and placed on the consolidation ring. The ring is rotated to pare off the excess soil by cutting such that the sample is reduced to the same that is inside the diameter of the ring. The cutting tool is held horizontally while cutting the excess soil. The ring turned carefully to remove the soil portion that is protruding from the ring. A straight metal edge is used... of the...
2 Pages(500 words)Lab Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Forest Labs Case for FREE!

Contact Us