Our New JULY appointed BMS Board Member, Derica W. Rice CVS Health, President CAREMARK PBM

The largest myth regarding American white-collar crime is that we struggle to understand it. Kind of like believing PhRMA or PBM executives gouging customers fails to elicit a response from our moral institutions to deal with corruption. Corruption, no matter how sophisticated it might be. But the truth is Americans across the United States of America believe and know, white collar crime is more harmful than a guy with a gun. And that white collar criminals with power are more a risk to our culture and way of life than common criminals on the street.

The fact today is, we see companies like our very own, Bristol Myers Squibb, bring in yet another superpredator this incredible year, in a "Year of Social Equity & Strife" to keep us strong, dominant and ultimately, wreak havoc on the people we say, we are committed to serving. An innovating, for profit company working just as hard to keep the moral institutions at bay from our 'behavior in conducting business' as finding solutions to unmet health need.

 

Agreed.

Our BMS corporate executives are hypocrites of a higher order. Diversity has been demanded by law and corporate direction for decades across corporate America. But the people in power, at the self enriching top never budged. Never to any tangible degree, gave up their power, control or money. They set the tone. The example of how diversity strengthens an organization over time. But it remained, predominately WHITE as snow.

Now, Giovanni and the executive elitists feel, to keep control, they better "wake up" a bit. Not too much! But just enough to settle the troops. So, they "strategically" throw $300MM over X years. They change a focus on how we conduct research in ways that long ago should been a focus, because it was KNOWN that it was a blind spot. They added, not replaced, Board seats to finally in 2020 add to African Americans. And, even in that bright light public move, they interview and select someone who led one of the most corrupt areas and companies in health care today or possibly, ever. A convoluted, massively corrupt PBM, CVS Caremark. Wow. Simply wow, really!?! They are masters of manipulation. They are better than the best politicians. They are politicians. They are our enemy in sheep's clothing.

 

As those paying attention, right Giovanni, the UNANIMOUS Supreme Court Decision, EIGHT to ZERO ruling against companies like CVS Caremark was handed down yesterday, That SCOTUS ruling against CVS Caremark (and the other PBM white collar criminals), led by one of our Plus 2, Board seated members, Derica W. Rice, was decisive in upholding AR Act 900. You can say, this ruling is unrelated to the very moral integrity of a former President of THE largest PBM in AMERICA. But you'd be ridiculously wrong. Have Derica W. Rice answer the questions earlier posed to him on this thread, under oath. This is serious stuff This is serious misjudgment by everyone leading Bristol Myers Squibb. To bring this particular "accounting genius" into our international corporate fold was disturbingly misguided. The irony is his business ethos and integrity are in direct opposition to fairly, justly serving all people of all color and creed from inner cities to rural America. A bad, bad joke at a high, high level. Let Disney world have him.

If that type of Board decision tells you how poor our "high integrity" leadership is at making legitimate, decisions, nothing will. Our Commitment is, in part, "We actively seek to improve access to care, advocate for policies that promote health equity, and help underserved patients access and afford the medicines they need.". Derica W. Rice choose to behave in direct, polar opposition to such ethical business behavior in significant, "accountable" ways.

Pharmacy Groups React to Supreme Court Ruling on State Regulation of PBMs

FMI, NGA applaud Supreme Court decision clamping down on pharmacy benefit managers

US Supreme Court rejects PBMs' challenge of state regulations

 

One here rescinds, recants and revokes everything, every last word ever written on CP. People are who they are in corporate positions and life. They try their best with their best judgment. No one should be subjected to any degree of scrutiny of opinion and opinion only, from opinions by citizens protected by First Amendment rights, anywhere, anytime. And, certainly, no one above, equal or below them in the corporate hierarchy should say anything about holding them to any standard. So one will not. So, hereby recant it all. Rescind and essentially revoke every last word.