William Weldon

Not Exactly 'Pay for Performance' for These Big Pharma CEOs

Most workers would worry about losing their jobs, let alone receiving a bonus, if they slacked off, but CEOs are held to a different standard. For example, despite several stumbles, GlaxoSmithKline's CEO got a nice bonus, and Johnson & Johnson's CEO even got a raise for a job badly done.

J&J Apologizes for Kids Medicine Issues, Phantom Recalls

In testimony before Congress Thursday, Johnson & Johnson's CEO apologized for the problems that have beset his company, including the quality issues with its children's medicines and the "phantom recall" of a batch of Motrin. He also said new batches of its children's medicines should start shipping next week.