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China Will Not Bring Charges against GlaxoSmithKline as a Company

publication date: Nov 5, 2013
China will not indict GlaxoSmithKline as a corporation following the company’s China bribery scandal, according to Reuters, who talked with both government and company officials. Several of its top executives – presumably including the four people already in custody – will face charges. The indictments will not reach as high as Mark Reilly, who was head of the company’s China operation at the time the alleged bribes occurred. If this scenario plays out, it will buttress GSK’s assertion that the scandal was caused by a relatively few company officials, who were operating outside of well-articulated company guidelines. More details....

Stock Symbol: (NYSE: GSK)

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