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The Fastest Growing Segment of Johnson & Johnson Is...
Growing over 29% in 2016, this is definitely the fastest growing segment of Johnson & Johnson!
Date Created: January 25, 2017
Keywords: johnson & johnson, J&J, JNJ, 2016, lawsuit, lawsuits, tort, liability
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After reading the Edited Transcript of JNJ earnings conference call, I realized that the fastest growing segment of Johnson & Johnson is not even mentioned! When a segment of a company grows by over 30% in less than a year, you'd think it would be worth mentioning to shareholders, right?
WRONG. Because the segment of Johnson & Johnson with unprecendented growth of over 30% in only ONE YEAR is the Lawsuits department.
I started this work in 2012, when there were only 20,400 liability lawsuits against Johnson & Johnson, with a few trickling from around the world. As of third quarter of 2016, there were over 99,000 lawsuits, with last quarter results currently unavailable. In only five years, lawsuits against Johnson & Johnson for KNOWN harmful, defective or toxic products have skyrocketed over 385%. That increase includes ONLY the products mentioned on their shareholder report, which is NOT all inclusive. That increase also doesn't reflect the flood of lawsuits pouring in from other countries.
Also surprizingly unavailable, are any numbers of the lawsuits flooding in from other countries, such as United Kingdom, Canada, Australia, etc. stated on their annual shareholder packets - the 99,000 total stated on the 2016 3rd 1/4 10Q are ONLY the lawsuits in the US. Counts are NOT supplied for all the other countries filing lawsuits against Johnson & Johnson for KNOWN harmful products.
The cost of all these lawsuits are added to overall healthcare costs - massively driving up the cost of healthcare for all.
The cost of all these settlements are added to overall healthcare costs - massively driving up the cost of healthcare for all.
The cost of the healthcare for all these victims are also added to healthcare costs - massively driving up the cost of healthcare for all.
The most interesting point is that the products with the highest number of lawsuits were Gorsky's projects. While the flood of victims is driving up sales and profits for Johnson & Johnson, selling products Johnson & Johnson KNOWS ARE HARMFUL, DEFECTIVE OR TOXIC to profit from injuries is flat out bullshit.
Without artificially inflating sales by harming people, ignoring lawsuits and raising prices 6 times the rate of inflation, profit at Johnson & Johnson would plummet. That's sick, really sick.
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1. Thomson Reuters StreetEvents (2017, January 24). TEdited Transcript of JNJ earnings conference call or presentation 24-Jan-17 1:30pm GMT. Yahoo Finance. Retrieved from http://finance.yahoo.com/news/edited-transcript-jnj-earnings-conference-011619325.html;_ylt=A0LEVyyEPIhYuk4AVjhXNyoA;_ylu=X3oDMTEyaTZiampwBGNvbG8DYmYxBHBvcwMxBHZ0aWQDQjMwMTBfMQRzZWMDc3I-
2. Emily Patterson (2016, November 15). Third Quarter 2016 Lawsuits Against Johnson & Johnson Still Exploding! Now 99,000! JohnsonAndToxin. Retrieved from http://www.johnsonandtoxin.com/2016_third_quarter_lawsuit_leap.shtml
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