Fallout from Whistleblower's Revelations - Pfizer CFO Resigns

[donsu]

http://counterpunch.com/rost05212007.html


Pfizer's CFO Alan Levin's resignation was hastily announced 9:25 PM on Sunday evening in a BusinessWire news release. Mr. Levin, 45, took over as the chief of finance in 2005 as Mr. Shedlarz's was promoted.

Mr. Levin's resignation comes after three days of disclosures of corruption in Pfizer's finance department, revealed by former Pfizer finance executive Mr. Ashok S. Idnani, on the Question Authority with Dr. Peter Rost blog.

Brandweek wrote that "Rost this week has devoted his blog to an astonishing series of posts which allegedly describe how Pfizer execs in India took kickbacks in connection with the sale of a Pfizer building for far less than it was worth; how Pfizer hires private detectives to spy on rival executives and pay bribes, and how Pfizer India kept a "gift" list for certain Indian government officials."

Pfizer in the press release wrote that "Chief Financial Officer Alan Levin has resigned to pursue career opportunities outside Pfizer." Clearly, Mr. Levin doesn't appear to have a new job lined up just yet, which indicates this was not a voluntary separation from Pfizer.
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