Johnson & Johnson CEO addresses shareholders about recalls

    Update: J&J CEO William Weldon told shareholders today he hopes they keep their faith in the company despite the dozens of recalls on popular names in medicine.

    “Any level of recall is [un]acceptable,” the Star-Ledger reports him saying at the meeting in New Brunswick, where he talked about new manufacturing policies at many of the company’s plants, including Fort Washington’s McNeil facility.


    Original report: Sounds like it’s going to be a long day for William Weldon. The Johnson & Johnson CEO will address shareholders today for the first time since the company’s rash of recalls.

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    Weldon spoke with some members of the press yesterday before today’s meeting in New Brunswick, N.J., saying he’ll talk about his own accountability in J&J’s dozens of recalls.

    “I am accepting accountability for what happened and I’m giving clarification about what we’re doing,’’ Weldon told the Star-Ledger. “We’re making sure we do everything we can to make sure (this) never happens again.”

    The meeting also comes a day after the $21.3 billion deal between J&J medical equipment maker Synthes was announced.

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