3 ms·
Perhaps the regulators should be rewarded with the kind of money that they'd never need to work again if they uncover significant violations, and the company sh
by epicureanideal 12y ago
Perhaps the regulators should be rewarded with the kind of money that they'd never need to work again if they uncover significant violations, and the company should be fined a similar amount and shut down, with involved people put in prison? Seems like a solution.
Also, you'd get a lot of very zealous people applying for those jobs. Heck, you could probably quadruple the inspection teams just with people willing to take low salary and treat it like playing the lottery.
- zaroth 12y agoYou do see the occasional case like Thalidomide, which is an amazing story of how Dr. Kelsey saved Americans from a very dangerous drug (prescribed for morning sickness, but caused terrible birth defects) which had a hand in transforming the FDA into the agency it is today. She was awarded the President's Award for Distinguished Federal Civilian Service, but I don't know about any cash windfall for doing such great work. Doctors and regulators in the FDA who protect the public from these drugs / drug companies are heroes. Perhaps it's not just the whistle blowers who should be getting 1/3rd of the settlement, but another portion should be set aside for performance awards for key people who made the case. Frankly though $500m wasn't enough. $5b would have properly shuttered this rotten steaming pile of a company.
- CaptainZapp 12y agoWhile the consequences where certainly devastating don't be so fast to demonize Thalidomide. It's currently having a comeback and showing huge promise for cancer treatment: http://www.mayoclinic.org/diseases-conditions/cancer/in-depth/thalidomide/art-20046534 http://www.mayoclinic.org/diseases-conditions/cancer/in-dept...
- zaroth 12y agoIt wasn't my intention to demonize thalidomide, or any of its many derivatives. You're right it's an effective (although very expensive) cancer treatment. At least a prescription now comes with a strict program to try to prevent exposing any fetuses. A far cry from a treatment for morning sickness. I can't get over the audacity of Gruenenthal (the German company who sold it). At least they finally got around to apologizing: http://www.bbc.com/news/health-19443910 http://www.bbc.com/news/health-19443910