Not since the "tampering" scandal of 1982, has JNJ suffered such public humiliation. McNeil Pharmaceutical Labs, a division of JNJ has been hit again... and is taking down the "parent" company. Has the leadership of JNJ become complacent??? Maybe. Has there been huge safety issues that have gone unaddressed. In my view, yes.
As a consumer and investor, I have a lot of interest that JNJ right the ship, quickly. Because, as I see it, it's been too lax in its behavior towards safety of its products. They have gotten very "drone-like". They put out the product and that's all that matters. Yet, in my view, it's not just putting out a product, but following *proper* safety procedures, to ensure that the product is the safest it can be for the end user.
I realize, "accidents" happen. Yet, management has a responsibility to make sure various procedures are followed. This was *NOT* done. Therefore, I think it's about time to ask for the resignation of several people at JNJ.
Why ask for the resignation: Simple, by not following proper procedures; the company failed to live up to it's reputation. It hid information about it's products, and instead, sent out *armies* of "buyers" to get the product of the shelves. I consider that deceptive business practices.
Until the consumer is once again, put first; I believe it's going to be a long time before JNJ will be the *TRUSTED* company, it once was. As an investor, I am very angry that the management of the company has allowed continual "lapses" to happen. People were not doing the job they were hired to do. Contamination happened. This all put the buying consumer at risk. That, to me, as an investor is unacceptable. I hope heads will roll at JNJ and McNeil Labs (where Tylenol (TM) is made).



