Who REALLY profits financially?

Who REALLY Profits Financially?

Who REALLY profits?

Johnson & Johnson from their sales of nicotine replacement therapies Nicoderm CQ, Nicorette and Commit Lozenges (JnJ posted a 40% profit 1st Q. 2008)
Johnson & Johnson's created non-profit foundation, the Robert Wood Johnson Foundation (RWJF) who, as of their 2006 annual report, owned JnJ stock valued at $3,696,018,000. Their 2007 annual report showed their assets of 10.33 BILLION dollars. (Their financial report showing stock value for 2007 is not yet prepared)

The RWJF funded $446,398,054 in grants for smoking bans (tobacco control policies).

So, the non profit foundation paid for the laws that created the need for the J&J products from which RWJF AND J&J both profit. A 446 million dollar investment to artificially inflate stock valued at over 3.6 BILLION dollars.

How is this legal? Where are the politicians and government who are supposed to protect us from this kind of thing? They profit while families lose their businesses?

Guess who just made a killing selling his Johnson & Johnson stock?

In a Form 4 filed by with the SEC, William C. Weldon, Chairman & CEO of Johnson & Johnson, reported he exercised options for 60,000 shares of common stock for $38.59 a piece and then sold 58,900 shares for $64.86 - $65.09 each. Nice profit. Businesses all over the U.S. are closing because of the smoking bans PAID for from RWJF grants, the stocks get inflated and the Chairman/CEO cashes in. I guess the business owners who are closing because of smoking bans should have bought JnJ stock!

Excuse me but isn't this insider trading?

Is anyone going to do anything about this or will the rich get richer while our businesses close?

This page was last modified on Monday, June 09, 2008 08:49:49 PM

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