72 Case Studies in Business Ethics and Corporate Governance
Drug Administration (FDA) has actually been involved in 11 major J&J recalls in 2010. The recalled prod-
uct includes a wide array of everyday health-care products such as Tylenol, St. Joseph Aspirin, Benadryl,
Zyrtec and Rolaids, to name a few. Other products which have been recalled recently ranged from contact
lenses and medical syringes to hernia devices and hip replacement parts. The estimated fi nancial impact of
all of these product and litigation liabilities is in billions
4
(refer Exhibit I: J&J’s Financial Summary).
ABOUT JOHNSON & JOHNSON
History
J&J was founded in 1886 by three ...
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