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The Case for Giving Eli Lilly the Corporate Death Penalty

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burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 04:16 AM
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The Case for Giving Eli Lilly the Corporate Death Penalty
http://www.alternet.org/healthwellness/129709/the_case_...

Eli Lilly & Company's rap sheet as a public menace is so long that for Lilly watchers to overcome the "banality-of-Lilly-sleaziness" phenomenon, the drug company must break some type of record measuring egregiousness. Lilly obliged earlier this year, receiving the largest criminal fine ever imposed on a corporation.

If Americans are ever going to revoke the publicly granted charters of reckless, giant corporations -- well within our rights -- we might want to get the ball rolling with Lilly, whose recent actions appalled even the mainstream media. And with Lilly's chums, the Bush family, out of power, now might be the right time.

On January 15, 2009, Lilly pled guilty to charges that it had illegally marketed its blockbuster drug Zyprexa for unapproved uses to children and the elderly, two populations especially vulnerable to its dangerous side effect. Lilly plead guilty to a misdemeanor charge and agreed to pay $1.42 billion, which included $615 million to end the criminal investigation and approximately $800 million to settle the civil case.

One of the eight whistle-blowers in this case, former Lilly sales representative Robert Rudolph, says the settlement will not completely change Lilly's business practices, and he wants jail time for executives. "You have to remember, with Zyprexa," said Rudolph, "people lost their lives."
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 04:46 AM
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1. For corporate criminals like those given sanctuary by corps like Eli Lilly ...
... maybe we should keep Gitmo open.

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Why Syzygy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 04:46 AM
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2. Accountability.
They need it. k/r
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Metta Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 10:35 AM
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3. kick. An amazing article.
Glad you posted.
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 10:45 AM
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4. I inherited Lilly stock, and Monsanto too. Both were sold ASAP.
I didn't like their attitude.
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