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COMMENTS: Bitter Pill
Corporate corruption caught Armen Keteyian's eye on CBS. "When it comes to selling drugs to nursing homes, Omnicare has a prescription for success--a market share in excess of 70%, more than $6bn in sales last year alone--but that success, it appears, came with a strong dose of dishonesty." Omnicare paid a $98m fine to the Justice Department for soliciting kickbacks from pharmaceuticals firms like Johnson & Johnson in exchange for recommending their brands of medicine. Omnicare still insists it acted properly: "Omnicare denied any wrongdoing but the company was willing to swallow a nearly-$100m pill to make this headache go away."
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