McKesson & Robbins was the Enron of 1938. Philip Musica aka "F. Donald Coster" was brought in as the "corporate turn around" guru of that time to build up the drug company. He did so by creating around 20 million in fake sales using his brothers to generate fake sales to fake customers.
A nice lady in the accounting department discovered the books were being cooked and voila', Musica died of "suicide" just prior to being arrested. The govt implemented sweeping changes in accounting requirements for companies, establishing a requirement for outside accounting review and launching the rise of future companies like Ernst & Young, Arthur Anderson, KMPG, etc, etc.
An interesting note, what was going on in 1938? The great depression, the huge FDR public works projects and the rise in Germany of one Adolph Hitler were all about to give way to a little thing called World War 2.
Speaking of McKesson (as they are now known, oh yeah - they're still around and bigger than ever, number 18 on the Forbes list). Do you people enjoy reading revisionist history?. They evolved out of the druggist trade and into running distribution and supply for the drug makers. They have a small but extremely profitable enclave in Scottsdale, AZ including a call center who answers the phone when people call those "Can't afford your medicine? [insert drug maker name] can help." They then set up people to receive said medicine for free or at a discount and handle the logistics of shipping the goods to the patient. Altruistic? Maybe, more like compliant with regulations leading to massive tax bennies.....
Carl Liggio
Carl was the head lawyer at Ernst & Young, he built up a stable of in house legal power in order to help E&A slither out of the savings and loan scandal. His reward from E&A was to arrive for work one day along with his fellow legal dept members and find their key cards no longer worked nor did their network logins. The ambush / sudden death layoff is usually reserved for people who know where the bodies are hidden and can do a lot of damage.....
Carl's a very, very busy guy.
Would it really mess with your heads to know that history, especially big business, government, financial events and global conflict really does repeat itself?
Are these little exercise wheel like chains of events just a by product of humanity engaging in instinctive behavior patterns or has someone, somewhere found the script which followed properly leads to wealth and power for the people in control of the play?



