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Thursday, 15 May 2014

Pfizer, AstraZeneca, and a "Tweet" from Austin Mitchell

 Labour MP refuses to apologise for calling Pfizer 'rapists'

Austin Mitchell
wrote on Twitter: 'Cameron dare not stop Pfizer because he dare not offend the US in any way. Roll up rapists.'

One definition rapist is "an act of plunder, violent seizure, or abuse; despoliation".

I saw the "questioning" session of the Pfizer CEO and Financial director by the Commons select committee on television and conclude that their "testimony" was evasive, misleading and vague at best. It was evident to me at least, that Pfizer have no intention of honouring any commitments they make now in respect of employment or continuing operations in this country. Their track record in European take over deals is one of deception to secure the deal, followed by ruthless asset stripping and callous indifference in the dismissal of hundreds of workers in the businesses acquired. Liquidise the assets, then take the money and run, seems to be the order of the day for this giant, which unsurprisingly is not uncommon for many American companies when it comes to the take over of British or other European companies.

Pfizer's 'Executive Vice President' Frank D'Amelio (left) joined his Scottish born boss Ian Read (centre) and the company's UK manager Jonathan Emms (right) for this morning's select committee grilling
Pfizer's 'Exec VP" Frank D'Amelio,Ian Read CEO, UK manager Jonathan Emms

The term "rapists" from Mitchell seems to me to be a very accurate description of Pfizer and its attempts acquire AstraZeneca. If the Labour party and its leadership had any backbone, they would be joining Mitchell in condemning Pfizer and doing everything possible to stop this take over proposal.