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Tag: valeant
The Demise of Valeant Pharmaceuticals: A Case Study in Rotten Culture and Business Ethics
2016-04-04 20:24:05| IT Services - Topix.net
Showing my age again, Woody Allen's Take the Money and Run included a hilarious scene when Woody's parents wearing Groucho Marx glasses talk about their criminal son , his dad exclaimed "He's rotten, he is a gangster." See clip here .
Tags: business
case
study
culture
6 Investing Lessons From The Valeant Pharmaceuticals Scandal
2016-03-30 00:44:10| Biotech - Topix.net
It's not every day that a company with a market cap of more than US$ 70 billion , and one that is favoured by a lot of savvy investors, loses 80% in nine months . But that's what has happened with investors in the Canada-based Valeant Pharmaceuticals , where a spate of scams has been discovered over the past few months - from bad M&A accounting, to wrongful income reporting, and now the company is facing a potential default.
Tags: lessons
investing
scandal
pharmaceuticals
Valeant boss to testify on drug pricing
2016-03-28 21:50:46| BBC News | Business | UK Edition
The chief executive of Valeant Pharmaceuticals has been ordered to give evidence about rising drug prices to a Senate committee.
Tags: drug
pricing
boss
testify
Valeant CEO subpoenaed to testify before U.S. Senate panel
2016-03-28 19:05:15| Biotech - Topix.net
The chief executive of Valeant Pharmaceuticals International Inc, which is under scrutiny for dramatically hiking the price of older drugs, has been summoned to testify at a U.S. congressional hearing on April 27, the panel said on Monday. The Senate Special Committee on Aging hearing comes as the Canadian-based company is coping with a variety of federal investigations into its accounting practices that led to a restatement and delays in the filing of its annual report.
Tags: panel
ceo
senate
testify
Valeant: Wall Street Is At It Again
2016-03-24 19:05:36| Biotech - Topix.net
An investor complaint in 2002 against a Merrill Lynch Internet analyst shined a spotlight on the lucrative relationships between analysts at Wall Street banks and their executive counterparts in investment banking. The complaint highlighted how analysts, who typically sounded like independent voices dispensing wisdom on the prospects of high risk internet start-up companies, were actually in cahoots with investment bankers.
Tags: it
street
wall
wall street
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