Friday, May 16, 2014

Getting Pfired isn’t Pfunny | The Confluence

More on the big pharma business model with a dose of Piketty thrown in.



Getting Pfired isn’t Pfunny | The Confluence

1 comment:

  1. Such a sarcastic article. "But we all know, having heard it repeatedly over the last 10 years, that our jobs are not to discover drugs. Noooo, our jobs are to create shareholder value, even if that means we have to sacrifice our salaries in order to make it happen.The encouraging thing is that the geeks are finally understanding that shareholders are the only stakeholders that count."

    The last line strikes me hard. Those who have money matter. People who run the pharmaceutical companies are typically not scientists so their prime interest is not in discovering medicines but in satisfying shareholders, who appear to be their customers rather than medicine-buyers.

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