Johnson & Johnson transitions after string of product recalls

What would make you leave your job if you had been working for the same company for decades? Sure, it could be the idea that you want to slow down a bit after a long career, but what if the company you were the CEO of had had a recent problem with repeated consumer product recalls?

Rumors are swirling around Johnson & Johnson CEO Bill Weldon’s recent announcement that he is stepping down from his high-profile post. Some question whether his “stepping down” is his choice or the choice of other heads at the company. No matter the reason, the company and the public are hoping for fewer dangerous products to come.

The Washington Post reports that there have been more than two dozen product recalls of Johnson & Johnson products since 2009. When considering that the company is responsible for making so many child products such as medicine, it’s not surprising that the recent product troubles have led to less public trust in the company and a dent in the company’s stock prices.

Whereas a change in the company’s higher-ups is likely focused on improving the company’s stock values, the public could find comfort in the hope that the values would likely only go up if J & J starts to prove itself again as a family-friendly, safe company.

At least one family will need lots of convincing. They have sued J & J for the death of their child, who allegedly died as a result of taking Tylenol with an excessive amount of medicine strength. That’s just one of various personal injury and wrongful death lawsuits that plaintiffs have filed against the large company.

If you have any doubt regarding the safety of a product in your home or believe that you or your child has been injured as a result of a defective product, you could have legal options. A personal injury attorney experienced in product liability matters could explain what those rights are.

Source

The Washington Post: “Johnson & Johnson CEO Bill Weldon steps down in April, after repeated consumer product recalls,” Feb. 21, 2012



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