If there is one corporate company still operating when it really shouldn't be that company that stands head and shoulders above any other I know is British based GlaxoSmithKline.
No sooner had they been found guilty for a whole host of violations in the US [Resulting in an estimated $3 billion fine] they are back in the news again for yet more violations, this time in China.
The Chinese violations are currently under investigation. GSK head honcho, Andrew Witty, has denied knowing about the shenanigans going on in China which include:
- Bribing doctors with cash payments
- Bribing doctors with sexual favours
- Using a network of more than 700 middlemen and travel agencies
- Inventing meetings that required travel payments (these payments were given to doctors to persuade them to prescribe GSK products)