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Volume 32, Issue 3

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Thursday, 06 January 2011 18:32

Will Agency Provide Justification For Execs?

Written by  ED DEVLIN, CBCP

I’ve heard it’s getting harder to maintain support from top executives for the costs associated with business continuity/disaster recovery efforts during this “down economy.”Believe it or not, the federal government may just give you a reason for executives to support your plan.Apparently the Food and Drug Administration (FDA) is frustrated that “high-dollar fines” have seemingly failed to concern a number of corporate executives. These fines have escalated way beyond the millions of dollars into the billions of dollars. An article in the Oct. 31, 2010, Philadelphia Inquirer reports:“Eric Blumberg, Food and Drug Administration litigation chief, told a pharmaceutical industry audience that his agency was looking for cases to use what is known as the Park Doctrine as a tool to change the corporate culture of firms that have thus far shrugged off other penalties. He singled out firms, including Pfizer Inc. and Eli Lilly & Co. that have paid multiple