Medicaid Fraud Lawsuit
Fourth Reason
- $158 million medicaid lawsuit against J&J by state of Texas
- For promoting a medication that was not yet approved by USDA
- Settlement was split between state and federal agencies
- J&J agreed to settle to avoid further legal costs
Ethical
Third Reason
Healthy Future 2015
2.2 billion dollar marketing lawsuit
Economic
- Risperidone= Atypical antipsychotic drug, used for treating schizophrenia, bipolar mania and autism.
- Unapproved uses
- The penalty amounts to one of the country's largest health care-related settlements, the Justice Department said.
http://money.cnn.com/2013/11/04/news/companies/johnson-and-johnson-settlement/
http://www.dallasnews.com/business/headlines/20120119-johnson-johnson-settles-texas-medicaid-fraud-lawsuit-for-158-million.ece
- 7 strategies, 15 goals to help address global health needs
- Their belief: human health and well being = a healthy planet
- Environmental protection is a core focus for Johnson & Johnson
- Some goals are:
- Limiting water use
- Eco friendly paper and packaging,
- Waste reduction
A Promising Future
Animal Testing
- Strong emphasis on research and development
- Leadership in the medical devices and diagnostic segment (other companies look up to them)
- Continual discoveries in new technological fields
- Pioneering developments in preventative medicine and less invasive surgery techniques
http://www.jnj.com/news/all/johnson-johnson-launches-healthy-future-2015-its-citizenship-and-sustainability-goals
http://www.slideshare.net/deepshreeakadeepi/johnson-johnson-24443713
Citations:
CORPORATE SOCIAL RESPONSIBILITY PROFILE OF JOHNSON & JOHNSON
- http://www.jnj.com/about-jnj/jnj-credo/
- http://www.csrwire.com/members/13226-Johnson-Johnson
- http://www.safekids.org/who-we-are
- http://www.jnj.com/caring/environment-protection/health-planet
- http://www.investor.jnj.com/2013sustainabilityreport/economic/index.html
Conclusion
http://www.csrwire.com/members/13226-Johnson-Johnson
Summary
Number 17 on Forbes Top 100:
- Their mission: to improve human health and well-being.
- This year, J&J celebrated 126 years of embracing research and science.
- Commitment of employees help minimize our impact on the planet, drive companies to respond to health challenges in developing and developed countries, and help to create opportunity for people.
1. Philanthropic
2. Legal
3. Economic
4. Ethical
Class Discussion
Johnson & Johnson might not be perfect, but they do deserve to be on Forbes top 100 Best Corporate Citizen's list.
- Who here uses Johnson and Johnson products?
-Clean & Clear
-Aveeno
-Band-Aid
-Neosporin
-Cortaid
-Listerine
Philanthropic:
Partner with Safe Kids Worldwide
- Do you think Johnson and Johnson deserves to be Forbes top 100 Best Corporate Citizen's list?
- Was there anything new you learned from this presentation?
- 1988, Safe Kids was founded by Dr. Marty Eichelberger of the Children’s National Medical Center.
- A child dies from an unintentional injury every 30 seconds... Helped decrease by 55%
Legal:
http://www.safekids.org/who-we-are
EAP's
- Labor laws
- We communicate
- Operating companies to respect each employee’s right
- Employees choose to work for us at their own discretion
- All the laws employees need to follow
- All managers are responsible for enforcement of the policy
- Report such matter to the General Counsel or Law Department of Johnson & Johnson
- Policy is posted on website
- Employee Assistance Program since 1978
- Counseling, assessment, intervention and training
- Access= Family members and 95% of workforce
- They believe in Health Care
http://www.jnj.com/sites/default/files/pdf/mental-well-being-20130328.pdf
- Having a policy on business conduct
http://www.jnj.com/sites/default/files/pdf/the-promise-of-health-care.pdf
http://www.jnj.com/sites/default/files/pdf/policy-on-business-conduct.pdf
Invested in an Art Program
- Member of the global health care community.
- Health care is important for people everywhere.
- Support efforts to enhance access to health care.
- Work with others to improve the quality.
- Operate efficiently, providing affordable, quality, timely and continuous care.
- Global Labor and Employment Guidelines
- Museum holds 3,000 pieces of art
http://www.jnj.com/sites/default/files/pdf/global-labor-employment-guidelines.pdf
- Provide employees access to museums/institutions
Company Information
a. Accounting controls
b. Independent auditor PricewaterhouseCoopers LLP
c. Executive Committee overviews results
Corporate Contributions:
- Patience Assistance Program = 3 million units of medicine
- Executive Committee oversees all
- Specializes in medical devices, pharmaceutical and consumer packaged goods
- Founded in 1886
- Listed among the Fortune 500
- Headquartered in New Brunswick, New Jersey
- 2013, J&J had worldwide sales of approximately $75 billion
17. Johnson & Johnson