Eye-Opening Perspectives for Heroic Hearts

Eye-Opening Perspectives for Heroic Hearts

Tuesday, November 22, 2011

Kenneth C. Frazier of Merck Sees Future of Penn State Murky

KENNETH C. FRAZiER CEO OF MERCK TO HEAD PENN STATE INVESTIGATION
Freeh Free To Probe Penn State’s Hind Quarters In Search of Wrong Doing

by Winsip Custer CPW News Service

     The 56 year old CEO of Merck Pharmeuticals, Kenneth C. Frazier, has been appointed to the daunting task of shedding light on the horrific scandal that has gripped Happy Valley, Pennsylvania and the nation.   
     Frazier’s position over Merck’s 40,000 employees world-wide, has given him extensive experience in handling public relations nightmares as the Sandusky case is proving to be.  Noting that Merck was able to handle its own scandal issues related to price fixing and illegal physician compensation that resulted in only a $671 million fine, sources close to Frazier indicated that “this thing should be cleaned up for less than a couple of billion, certainly no more than $4.5 billion.”
    The Merck fine was only twice the cost of United Health Group's out of court settlement for similiar practices which sent it's CEO, Dr. Wayne McGuire, into retirement in Florida where he donated his $41 million butterfly collection to Florida State University and invested his $1 billion compensation and severance package.
     In 2006, a Florida State University linebacker, A.J. Nicholson,  was indicted for raping a woman which brought coach Joe Paterno to the player's defense.  This triggered a demand for Paterno's resignation from the National Organization of Women or NOW whose members cried "Do it NOW.  NOW! You hear us?  NOW!"  It is not known if Nicholson did community service time mounting butterflies for FSU's new collection to help him reform from mounting unwilling co-eds as many members of NOW recommended.  Two years late in 2007 Nicholson, a second year player for the Bengals, was arrest in Cincinnati for assaulting a woman. He became a poster child for player misconduct. 
     The NCAA board member, Anthony Welters, also of United Health Group, could not be reached for clarification on the Paterno-Florida State player connection.   Nor could we get his take on the plans of the NCAA for dealing with Penn State.    Nor for possible connections of the Florida's player, A.J. Nicholson, to Paterno since the incident.  Nor for Penn State's and Florida State's problems as part of an overarching culture of corruption, greed and averice accentuated by the fine paid by Merck, the out of court settlement by United Health Group founder, Dr. McGuire, followed by his $41 million gift. Nor for current Florida Governor, Rick Scott's finding "safe harbor" in Florida and his election to the state's highest office after his company, Columbia-HCA, paid a medicare-fraud fine was just over $1.7 billion, a national record for health care companies. 

Dr. John C. Pottage (l) of GlaxoSmithKline whose 2010
settlement for a whistleblower lawsuit for distributing
tainted and non-effective drugs like Paxil
was $750 million.
Kenneth C. Frazier (c) CEO of Merck,
and John C. Bogle (r) of Vangard.
     Frazier, a former general council lawyer for Merck, is also a director with Exxon Mobile Corporation  and Cornerstone Christian Academy in Philadelphia.  He is a member of the Council On Foreign Relations, The American Law Institute and the American Bar Association. 
     "I hope the families at Penn State get a better deal than the sea otters in Prince William Sound," said Rusty Roche, a former Penn State supporter and founder of Wilderness Trekkers, a not for profit "call of the wild" foundation dedicated to reinstilling the values of primitive societies in modern American culture. "Our overarching mission is to rewrite the foundational beliefs of the American Philosophical Society to recapture a lost sense of our nobler primitive passions....like protection of all children and not selling poison to people just cause it turns a buck.  And really cleaning up our sxxx piles once we take a dump on some pristine shore," said Roche who insists that President Obama cannot remove troops from Iraq until "we put that nation back to as good a shape as it was in before we invaded it."
     Meanwhile, Penn State students are wondering if Federal Pell grants will in any way be effected by any future Penn State court settlements.

No comments:

Post a Comment