It does not matter at JnJ. If it did you would have a new CEO and about 1,000 executives would be done. These shameless fools have been "dipping" into the company ink for a very long time. They view it as a right of their position. The dipping is the least of the issues in front of JnJ.
I believe that the JBI umbrella has gone so far sideways that it is beyond repair. It would be a good time to break this into pieces and spread it to other OpCos. Start by dumping the GI and RA divisions that won't be able to hold their own when Infliximab goes off patent. Seven (yes seven) biologic simulars have filed with the FDA for manufacturing and/or importing of the same starting 2017. Any group selling this product should be sold while a price can be had. In two years you won't be able to give immunology away. Maintain the Derm rights as Ustakinumab is doing well and will remain profitable. Onc is betting on the pipeline for survival but based on history could be a keeper.
If I sound like a market analyst it is because I am. This is my biz. I recommend your organization focuses on what you do and not what you did. Infliximab paid for the party but new coin is needed for the band to keep playing. So far passing the hat around has not been effective.
If this poor level of results and under market production continues not even B Hathaway holding will be able to protect your pending fall. I still recommend JnJ as moderate buys and short line but a hit could be coming with if the industry miscalculations continues. At the head or at the tail, the fall will happen either way.