Peer Review Corruption Encouraged

The system of peer review has been corrupted by various interest groups most notably by pharmaceutical companies.
Here is how it works.
A paper is sent to to get reviewed for some drug.if it gets approval the reviewer gets paid $10000 for their time and more 'work' passed to get 'reviewed'.
If the review is negative and against the interests of the company then the reviewer is black listed and no more papers get sent to get reviewed by that reviewer.
This was in the New Scientist magazine a few months back.
What do you folks think about this?
Is is not just like a bribe to say yes instead of no?

peer review is inevitable the result of the intolerant concept of democracy: if you gather enough 'votes' you are right, notwithstanding the often overlooked fact that unpopular ideas turned out to be correct on the long run. from simple hygiene to the notion of vitamin deficiency as a cause for, say, rickets, it's painfully obvious that popularity guarantees nothing except conformity.

today's power structure and the one found in medieval times are not that different, the official paradigm is, the overal goal is remaining in power, as it has always been, though.