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PHARMA: Rost–Pfizer’s Indian problem

Peter Rost is running a story about potential murky dealings in Pfizer’s subsidiary in India, which smack of (perhaps typical) corrupt practices in emerging economies. Essentially the story seems to be that local management ripped off shareholders, lone accountant raised stink with Corporate in NYC, and got fired for his trouble. Here’s part one and two. Of course Peter is trying hard (perhaps too hard?) to link this to the current Chairman and CEO, but it’s all good fun reading. I do think that sometime around now Pfizer probably wishes that it had just given Rost the job he wanted when they bought Pharmacia, and reacted with less paranoia. But you make your bed, and….

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