Spring World 2015

Conference & Exhibit

Attend The #1 BC/DR Event!

Fall Journal

Volume 27, Issue 4

Full Contents Now Available!

Will Agency Provide Justification For Execs?

Written by  ED DEVLIN, CBCP January 6, 2011

I’ve heard it’s getting harder to maintain support from top executives for the costs associated with business continuity/disaster recovery efforts during this “down economy.”Believe it or not, the federal government may just give you a reason for executives to support your plan.Apparently the Food and Drug Administration (FDA) is frustrated that “high-dollar fines” have seemingly failed to concern a number of corporate executives. These fines have escalated way beyond the millions of dollars into the billions of dollars. An article in the Oct. 31, 2010, Philadelphia Inquirer reports:“Eric Blumberg, Food and Drug Administration litigation chief, told a pharmaceutical industry audience that his agency was looking for cases to use what is known as the Park Doctrine as a tool to change the corporate culture of firms that have thus far shrugged off other penalties. He singled out firms, including Pfizer Inc. and Eli Lilly & Co. that have paid multiple

PLEASE SIGN IN TO CONTINUE READING.

Not a Member? Subscribe Today For Free! Membership Includes:

  • Free delivery of DRJ's Quarterly Magazine
  • Free online access of DRJ's latest Magazine
  • Free access to the DRJ Archives
  • Informational Updates
  • Conference alerts and information
  • Free White Papers
  • Free blog posting
  • And much more!