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Wyeth
| Headquarters location: Five Giralda Farms Madison, NJ 07940 |  | Tel. 973-660-5000 Job offers, investor relations: www.ahp.com Stock:  |
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« ETHICAL » RATING OF WYETH
, group
and subsidiaries
[ ?] |
| Job: 9% 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 3 offshore financial center(s) |
| Sales: more than 15 billion(s) dollars/euros in annual sales |
| Net profit: more than 7 billion(s) dollars/euros in cumulated net profit since 1998 |
| Top management: earns 666 times the median income in the United States (32000 US$/year) |
| Influence: 9 act(s) of direct corruption or lobbying |
| Advertising & marketing: 1 dubious practice(s) |
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Relevance: business & market share |
year | business source |
| 2006 | Wyeth is the world's eleventh-largest pharmaceutical group. | Les Echos |
| 2006 | Wyeth sells 16% of the vaccines bought in the world. | Les Echos  |
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World locations & Manufacturing |
year name | photo position; compensation source |
| 2002Essner, Robert |  Chief Executive Officer; salary: 3.13 million US$; stock-options: 3.64 million US$; |
| 2002Martin, Kenneth |  Chief Financial Officer; salary: 1.64 million US$; stock-options: 0.24 million US$; |
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year | dubious practice : image source |
| 2007 | Disinformation: In early September, "major newspapers reported the alarming news that suicides among young people were on the rise because of a precipitous drop in the use of antidepressants," writes Alison Bass. The academic study the news articles were based on concluded that new safety warnings for young people using antidepressant drugs had discouraged doctors from writing prescriptions for depressed youths. But there's a hole in that argument: "while there was indeed an upturn in suicide rates among youths ... the number of prescriptions for antidepressants in the same age group remained basically unchanged." Bass points out that the pharmaceutical companies that make antidepressants might "benefit from the latest alarm about an apparent upturn in youth suicide rates. ... These companies have an enormous stake in reversing the current FDA warnings." Pfizer, which makes the antidepressant Zoloft, did provide $30,000 for the academic study, and the study's lead authors have ties to Pfizer, GlaxoSmithKline and Wyeth Pharmaceuticals. "This isn't the first time that suicide rates have been trotted out as a public relations weapon," Bass adds. "Proponents of psychotropic drugs have long argued that suicide rates ... fell after" such drugs were introduced, though the decline began well before the drugs were widely prescribed.: | Boston Glo.  |
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year | employees <> | social impact : country source |
| 2008 | 50000 -5000 | Internal restructuring: Wyeth told managers about 10 percent of its 50,000 employees worldwide might lose their jobs by 2011 under a sweeping reorganization dubbed "Project Impact.": United States of America | AP  |
| 2002 | 52762 | |  |
| 2001 | 52289 | |  |
| 2000 | 48036 | |  |
| 1999 | -3000 | | AP  |
| 1998 | 60523 | |  |
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year | country : consequences source |
| 2007 | United States of America : Wyeth was condemned to pay 134 million dollars to three patients who developed a breast cancer because of their hormonal treatment Premanal and Prempro. | Les Echos |
| 2005 | United States of America : Wyeth a versé 14 milliards de dollars aux patients qui ont pris son coupe-faim Redux, retiré du marché en 1997. Wyeth a provisionné 7 milliards de plus pour les paiements futurs. | Les Echos  |
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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 | 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 | Investment protection and market access (to Mexico and Canada through NAFTA), to Latin America (through FTAA). : Business Roundtable : : US government, senate, congress translate | Center for.  |
| 1998 | Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 52 thousand US$ : US President, Congress, Senate translate | Center for.  |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 103 thousand US$ : US President, Congress, Senate translate | Center for.  |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 2500 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 $770.85 US. The windfalls gave doctors, pharmacies and other providers an incentive to prescribe such drugs, which resulted in even more sales by drug makers, Lockyer said. |
| | | |   | | Canadian P.  |
| 2002 |
| 14.58 | 4.45 | |   | billion US$ |  |
| 2002 |
Pratiques fiscales douteuses, déclarations mensongères aux auditeurs, utilisation frauduleuse des budgets marketing, inventaires gonflés, contrats avec des sociétés liées à certains dirigeants, primes déposées dans des comptes offshore… |
| | | |   | | New York T.  |
| 2001 |
| 14.13 | 2.29 | |   | billion US$ |  |
| 2000 |
| 13.26 | -2.37 | |   | billion US$ |  |
| 1999 |
| 13.55 | -1.23 | |   | billion US$ |  |
| 1998 |
| 13.46 | 2.47 | |   | billion US$ |  |
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