Corporate Crime

Source: Wikipedia. Pages: 124. Chapters: Enron, MCI Inc., Arthur Andersen, U.S. Securities and Exchange Commission, Industrial espionage, Pfizer, Samuel D. Waksal, Bank of Credit and Commerce International, Halliburton, NatWest Three, Sony BMG copy protection rootkit scandal, Tyco International, KPMG tax shelter fraud, RegisterFly, Crazy Eddie, Parmalat bankruptcy timeline, Seveso disaster, Federal Trade Commission, Options backdating, Financial Crisis Inquiry Commission, Holdings of American International Group, Bribery, Polly Peck, FirstEnergy, Cookie Jar Group, Franchise fraud, Precarity, Corporate manslaughter, McJob, Anti-corporate activism, White-collar crime, CUC International, William K. Black, Adelphia Communications Corporation, Baptist Foundation of Arizona, Robert Douglas Hartmann, Corporate Manslaughter and Corporate Homicide Act 2007, Media Vision, Satyam scandal, Precarious work, Contingent workforce, State-corporate crime, Ovson Egg, Trial of Kenneth Lay and Jeffrey Skilling, List of corporate scandals, Compass Group, Eurest Support Services, Statement on Auditing Standards No. 99: Consideration of Fraud, Byrraju Ramalinga Raju, John Peter Galanis, Titan Corp., Jeffrey Grayson, PurchasePro, Arthur Andersen LLP v. United States, Micheline Charest, Medco Health Solutions, Pro Arts Inc., Wiwa family lawsuits against Royal Dutch Shell, Minecode, Langbar International, EuroMayDay, United States Consumer Financial Protection Bureau, General Development Corporation, Fair Fund, Salad Oil Scandal, Carrian Group, Michael Bailey, Alexander Yakovlev, Control fraud, SK Foods, Walter Forbes, Equity Funding, Allied Deals Inc.. Excerpt: Pfizer Incorporated (NYSE: PFE; English pronunciation: ) is a global pharmaceutical company, ranking number one in sales in the world. The company is based in New York City, with its research headquarters in Groton, Connecticut. It produces Lipitor (atorvastatin, used to lower blood cholesterol); the neuropathic pain/fibromyalgia drug Lyrica (pregabalin); the oral antifungal medication Diflucan (fluconazole), the antibiotic Zithromax (azithromycin), Viagra (sildenafil) for erectile dysfunction, and the anti-inflammatory Celebrex (celecoxib) (also known as Celebra in some countries outside the USA and Canada, mainly in South America). Its headquarters are in Midtown Manhattan, New York City. Pfizer's shares were made a component of the Dow Jones Industrial Average on April 8, 2004. Pfizer pleaded guilty in 2009 to the largest health care fraud in U.S. history and received the largest criminal penalty ever levied for illegal marketing of four of its drugs. Called a repeat offender, this was Pfizer's fourth such settlement with the U.S. Department of Justice in the previous ten years. On January 26, 2009, Pfizer agreed to buy pharmaceutical giant Wyeth for US$68 billion, a deal financed with cash, shares and loans. The deal was completed on October 15, 2009. Pfizer is named after German-American cousins Charles Pfizer and Charles Erhardt (originally from Ludwigsburg, Germany) who launched a fine chemicals business, Charles Pfizer and Company, from a building at the intersection of Harrison Avenue and Bartlett Street in Williamsburg, Brooklyn in 1849. There, they produced an antiparasitic called santonin. This was an immediate success, although it was the production of citric acid that really kick-started Pfizer's growth in the 1880s. Pfizer continued to buy property to expand its lab and factory on the bloc...