Talk:G.D. Searle, LLC/Archives/2007

more deletia
Deleted entire section, reproduced below. No argument about Rumsfeld, but all other items lack any authoritative source. The only apparent basis for saying that Searle hired these people is the possibility that some or all may have received a consultant's fee at some point in time, but even this minor corruption is not something I've been able to document:

G.D. Searle & Company & FDA heads Many heads of the FDA left the FDA and joined G.D. Searle & Company for higher paying jobs. In some cases, the opposite occurred. These transfers have been criticized as a union of government and big business, and a legal form of bribery of government (FDA) officials. Bustter 21:28, 21 May 2006 (UTC)
 * Donald Rumsfeld was president & CEO of G.D. Searle & Company. Now he is the Secretary of Defense.
 * Arthur Hull Hayes was a defense contractor, then head of the FDA (FDA Commissioner)(1981-1983), and then joined G.D. Searle's public-relations firm as a highly paid senior medical advisor.
 * Several members of the FDA board of advisor left their jobs after Stevia (aspartame's main competitor) was banned in 1991. They were all hired at the Nutrasweet Co. in higher paying jobs, according to government records.
 * In 1999, Dr. Michael Friedman quit the FDA when Jane Henney was selected to become the permanent FDA commissioner. Friedman signed on with G. D. Searle as a senior vice president at a purported $500,000 a year.
 * Since leaving the FDA, Dr. Jane Henney has been a Senior Scholar in Residence at the Association of Academic Health Centers, and has begun service on a wide variety of Board’s of Directors in the health care field….including the Commonwealth Fund in New York City, the Scripps Research Institute in La Jolla, AmerisourceBergen Corporation in Philadelphia, and AstraZeneca PLC in London and the Science Board of MPM.Capital in Boston and the Advisory Group to the Pew Science and Society Institute.

Rummy's "bonus"
I suspect that the "$12 million bonus" referred to in the text has to do with the enhanced value of stock and options after the merger, and not someone handing him a check. Rummy's not my favorite, but half-truths are even less popular with me. Executive compensation of this nature is a matter of public record, yet all the allegations of such a "bonus" on the web say "reportedly" or "allegedly." I'm leaving this unchanged for the moment, in hope of finding an opportunity to research this more closely. Bustter 23:15, 21 May 2006 (UTC)

According to [this blog], Rumsfield got just 12 bucks from the sale of Searle! Anyway, every other site I can find repeats the same canard in the exact same phrase. As I mentioned above, such executive compensation is always a matter of record. And, since these mergers always effect stock valuation, and since company officers imvariably have dandy options deals, the likelihood that Rummy gained 12 million in the deal is not remarkable, UNLESS it can be shown that the common stockholders somehow suffered in the deal. I'm removing this sentence from the article:

"He reportedly received a $12 million bonus when Monsanto acquired the G.D. Searle & Company in 1985."

To restore this we need a source, and we need to know the nature of the alleged "bonus," and whether other stockholders were similarly rewarded, or not. Bustter 11:17, 29 May 2006 (UTC)


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Move. —Wknight94 (talk) 13:13, 4 September 2006 (UTC)

Requested move
G.D. Searle & Company → G. D. Searle & Company – Naming conventions -Justin (koavf)·T·C·M 15:13, 28 August 2006 (UTC)

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