Home LifestyleHealth Relief funds become bonuses for executives? The “unimaginable greed” of the giants of the American pharmaceutical and medical industry has aroused public anger.
Relief funds become bonuses for executives? The "unimaginable greed" of the giants of the American pharmaceutical and medical industry has aroused public anger.

Relief funds become bonuses for executives? The “unimaginable greed” of the giants of the American pharmaceutical and medical industry has aroused public anger.

by YCPress

Affected by the COVID-19 pandemic, American companies have been hit hard to varying degrees.

As a result, the federal government has provided huge relief funds to help enterprises tide over difficulties.

However, some high-profile pharmaceutical and medical industry giants have not only failed to fulfill their due social responsibilities, but also distributed federal relief funds to senior managers as bonuses, which attracted strong condemnation from American public opinion.

Genesis Medical Company operates 325 nursing homes across the United States and received more than $300 million in relief from the federal government last year.

The large amount of funds did not help the company create a safe living environment for its residents.

So far, at least 187 nursing homes owned by Genesis Medical have experienced large-scale COVID-19 infections, resulting in more than 14,000 people and more than 2,800 deaths.

Nevertheless, the management of the company decided to pay huge bonuses to executives, of which the CEO alone received $5.2 million.

In response, U.S. Senator Elizabeth U.Len said that the company’s decision reflected “unimaginable” greed.

According to Fox News on February 2nd local time, Walgreens, the U.S. pharmaceutical retail giant, will welcome its new CEO Rhodes Brewer in March and will provide $25 million in bonus when he enters office.

At the same time, Walgreens has suffered serious negligence in vaccination due to lack of funds and mismanagement.

The federal government had planned to work with drug retailers such as Walgreens to vaccinate all nursing home residents in the United States first, and promised to complete it by Christmas last year.

However, so far, more than 20% of nursing home residents have not been vaccinated.

In response, Governor Murphy of New Jersey said that the company is mainly responsible for the low vaccination rate, but no one performs the final vaccination in Walgreens cold storage.