Monday, April 07, 2008

An Interesting Story on Schering-Plough's Damage Control

It seems like they had a Worst Case Scenerio file ready to implement if something like this happens. Too bad implementing it ended up costing people 5000 jobs. I think as soon as that Vytorin news dropped quite a few people at SGP had to update their resumes.

"We were building on each other's ideas, and I started to say we have to be more forceful in our response and more speedy," recalled Hassan, who said he spent Tuesday night back in New Jersey on the telephone with Robert Bertolini, the company's chief financial officer. Together they hashed out the broad outlines of spending cuts based on emergency plans the company keeps at the ready.

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