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Schering Plough Corp.
| Headquarters location: One Giralda Farms Madison, NJ 07940 |  | Tel. 973-822-7000 Job offers, investor relations: www.sch-plough.com Stock:  |
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Schering Plough belongs to |
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« ETHICAL » RATING OF SCHERING_PLOUGH
, group
and subsidiaries
[ ?] |
| Job: 4% of company's jobs cut since 1998 |
| Environment: 1 major pollution(s) |
| Delinquency: 2 act(s) of financial or trade delinquency |
| Tax haven, secret bank account, shell companies: operates in 10 offshore financial center(s) |
| Sales: more than 11 billion(s) dollars/euros in annual sales |
| Net profit: more than 9 billion(s) dollars/euros in cumulated net profit since 1998 |
| Top management: earns 487 times the median income in the United States (32000 US$/year) |
| Influence: 7 act(s) of direct corruption or lobbying |
| Advertising & marketing: 2 dubious practice(s) |
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Relevance: business & market share |
year | business source |
| 2006 | Schering Plough is the world's sixteenth-largest pharmaceutical group. | Les Echos |
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World locations & Manufacturing |
Schering Plough is managed by |
year name | photo position; compensation source |
| 2002Connors, Joseph |  Président du Conseil; salary: 1.58 million US$; stock-options: 0.95 million US$; |
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year | dubious practice : image source |
| 2006 | Deceptive advertising: Plainte collective pour publicité mensongère contre la marque de crème solaire Coppertone aux Etats-Unis, accusée de faire croire à leurs utilisateurs qu'ils sont protégés contre les maladies de peau. Son étiquette est "clairement trompeuses" dans la mesure où elle fait croire que "la crème fait écran contre tous les méfaits des rayons solaires", alors qu'elle ne protège que contre les coups de soleil, a déclaré l'un des avocats. Les auteurs de la plainte demandent que des termes comme "écran total", "waterproof" ou toute autre déclaration prêtant à confusion disparaissent des étiquettes. Ils réclament aussi que le fabricant soit contraint de "restituer l'argent frauduleusement obtenu" en finançant une fondation pour la recherche sur les cancers de la peau.: | AFP  |
| 2002 | Disinformation: PR campaign with Précision PR: public relations: P | CB-News  |
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year | employees <> | social impact : country source |
| 2006 | -1100 | Internal restructuring: Schering-Plough will streamline or phase out operations at its manufacturing facilities in Puerto Rico and New Jersey. The plan will cost $250 million and save the company $100 million a year.: United States of America | Reuters  |
| 2003 | -900 | Internal restructuring: AP  | |
| 2002 | 30500 | |  |
| 2000 | 28100 | |  |
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year | country : consequences source |
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year | purpose : intermediary/lobby : institution source |
| 2001 | Access to foreign market (through MAI, WTO, GATS), prevent binding environmental regulations : USCIB (US Council For International Business) : : US Government translate | USCIB  |
| 2000 | Lobbying of US authorities to extend the patent protection of its antiallergic Clarityne (sales of 2 billion US$ per year) by 3 years. : amount: 4300 thousand US$ translate | Le Monde D.  |
| 2000 | Limit the legal liability, no price control, no list of preferred drugs, hampers the approval and marketing of generic drugs, no drug imports, no limit to drug advertising… : Pharmaceutical Research and Manufacturers of America : : US government, congress, senate translate | Washington.  |
| 2000 | lift the ban on bovine growth hormon : FEDESA : : European Commission translate | Fedesa  |
| 2000 | Lift the ban on bovine growth hormons, the moratorium on GMOs : EFPIA (European Federation of Pharmaceutical Industry Associations) : : European Commission translate | EFPIA  |
| 1998 | Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 170 thousand US$ : US President, Congress, Senate translate | Center for.  |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 2683 thousand US$ : US President, Congress, Senate translate | Center for.  |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 265 thousand US$ : US President, Congress, Senate translate | Center for.  |
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year | financial misdemeanor | sales | income | | | source |
| 2005 |
Sued by the State of California for defrauding the state's $34 billion Medi-Cal program by inflating prices. "We're going to drag these drug companies into courts of law because they've been gouging the public," California Attorney General Bill Lockyer said at a news conference. For example, Medi-Cal paid $804.70 US for a bottle of the hypertension drug Atenolol. Providers such as doctors, clinics and pharmacists paid $33.85 US. As a result, providers reimbursed by Medi-Cal for Atenolol pocketed $770.85 US. The windfalls gave doctors, pharmacies and other providers an incentive to prescribe such drugs, which resulted in even more sales by drug makers, Lockyer said. Shering-Plough settles the case for 435 million dollars. |
| | | |   | | Bloomberg  |
| 2003 |
| 8.33 | -0.09 | |   | billion US$ |  |
| 2002 |
| 10.18 | 1.97 | |   | billion US$ |  |
| 2002 |
Allegedly sold misbranded medicines, submitted false pricing data or offered free samples to lure customers |
| | | |   | | Bloomberg  |
| 2001 |
| 9.8 | 1.94 | |   | billion US$ |  |
| 2000 |
| 9.82 | 2.42 | |   | billion US$ |  |
| 1999 |
| 9.18 | 2.11 | |   | billion US$ |  |
| 1998 |
| 8.08 | 1.76 | |   | billion US$ |  |
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