You don’t think Pfizer’s handing out free candy in third world countries as a PR ploy to help salvage their plunging reputation and share price, due to all the bad press they’ve received lately do you? Nah, corporations aren’t that savvy, are they?
[quote]Pfizer Defends Celebrex Vs. Deaths Report
11.04.2004
Canadian health officials said Thursday they have received reports linking Pfizer painkiller Celebrex to 14 deaths and numerous heart-related side effects, but that it woudl be premature to to issue a warning or pull from the shelves.[/quote]
forbes.com/home/feeds/ap/200 … 35399.html
[quote]Pfizer Faces Canadian Suit Over Drug Celebrex
Nov 5, 2004
OTTAWA (Reuters) - A Canadian class-action lawsuit has been launched against Pfizer Inc. alleging that its arthritis drug Celebrex caused cardiovascular side effects, the law firm launching the suit said on Friday. . . Pfizer was shaken on Thursday by a newspaper article citing adverse reaction reports filed by doctors with the Canadian health department over the past five years, including 19 cases of heart problems and five strokes.[/quote]
reuters.com/newsArticle.jhtm … ID=6730872
[quote]Pfizer Shares Fall on Report of Celebrex Deaths
Nov 4, 2004
OTTAWA (Reuters) - Pfizer Inc.'s shares fell as much as 6.2 percent on Thursday on a Canadian newspaper report linking its arthritis drug Celebrex to 14 deaths.[/quote]
reuters.com/newsArticle.jhtm … ID=6718732
[quote]Pfizer Warns of Risks From Its Painkiller
October 16, 2004
Pfizer warned doctors yesterday that one of its best-selling painkillers, Bextra, might increase the risk of heart attack or stroke in coronary artery bypass surgery patients.[/quote]
nytimes.com/2004/10/16/busin … fizer.html

Of course it’s a bloody PR ploy. Corporations are not in the business of charity. They are for profit enterprises and their officers and directors owe a legal duty to maximize profits for their shareholders. To hand out free goodies without expecting at least equal benefits in return would be a breach of fiduciary duties by the O&D. So quit dreaming Squid. Still, it’s nice to see them do such a thing.
Incidentally, if you want to praise someone’s generosity concerning the deed you mentioned, you can thank me. As a shareholder, I helped pay for the free drugs Pfizer gave away.