Word: cardinalate
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When George Barrett was named CEO of Cardinal Health in August, the prognosis was grim. The nation's second largest drug distributor, Cardinal had lost a third of its value the previous year. The U.S. Drug Enforcement Administration (DEA) had suspended several of the company's licenses. What's more...
Indeed. Yet six months later, Barrett is being hailed as the leader Cardinal needed to restore its vigor. It came at a critical time, given that any health care company has to be in a position to pivot off of whatever health care reform plan emerges from Congress. His strategy...
Nearly 4 billion prescriptions are filled at 54,000 pharmacies across the U.S. each year. But getting medications from their makers into the hands of their takers is largely the job of a wholesaling oligopoly. Cardinal and its principal rivals--San Francisco--based McKesson Corp. and AmerisourceBergen, based in Valley...
The more likely reason this may have occurred, some sources said, is the same reason the DOJ balked at granting Birkenfeld immunity in exchange for his cooperation: he apparently violated the cardinal rule of not being completely truthful with investigators about his own role in the tax evasion scheme.
John Paul, as we know, went on to serve for life, despite a very public battle with the debilitating effects of Parkinson's disease. By all accounts, he had all his mental faculties up until his April 2005 death. Still, behind closed doors, top Vatican officials had been debating the...