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Thread: Former CDC Director Julie Gerberding sells 38,368 shares of Merck Stock for $2.3 Million

  1. #1

    Former CDC Director Julie Gerberding sells 38,368 shares of Merck Stock for $2.3 Million

    Julie Gerberding was in charge of the Centers for Disease Control and Prevention (CDC) from 2002 to 2009, which includes the years the FDA approved the Merck Gardasil vaccine. Soon after she took over the CDC, she reportedly completely overhauled the agency’s organizational structure, and many of the CDC’s senior scientists and leaders either left or announced plans to leave. Some have claimed that almost all of the replacements Julie Gerberding appointed had ties to the vaccine industry.

    Gerberding resigned from the CDC on January 20, 2009, and took over as the president of Merck’s Vaccine division, a 5 billion dollar a year operation, and the supplier of the largest number of vaccines the CDC recommends.

    It was reported earlier this month that Dr. Gerberding, now the executive vice president of pharmaceutical giant Merck, sold 38,368 of her shares in Merck stock for $2,340,064.32. She still holds 31,985 shares of the company’s stock, valued at about $2 million.

    Besides examples like this showing a clear conflict of interest between government agencies tasked with overseeing public health and vaccine safety and pharmaceutical companies, the National Institute of Health also holds patents on vaccines such as Gardasil, and earns royalties from the sale of vaccines.

    Source.
    Last edited by Created4; 05-25-2015 at 08:49 PM. Reason: typo corrected.
    There is no fear in love, but perfect love casts out fear. For fear has to do with punishment, and whoever fears has not been perfected in love.
    (1 John 4:18)



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  3. #2
    Nothing to see here...government and Big pHARMa do not conspire, oh no.

    In b4 all the Big pHARMa apologists accuse us of being anti-capitalists.
    “The spirits of darkness are now among us. We have to be on guard so that we may realize what is happening when we encounter them and gain a real idea of where they are to be found. The most dangerous thing you can do in the immediate future will be to give yourself up unconsciously to the influences which are definitely present.” ~ Rudolf Steiner

  4. #3
    Quote Originally Posted by donnay View Post
    Nothing to see here...government and Big pHARMa do not conspire, oh no.

    In b4 all the Big pHARMa apologists accuse us of being anti-capitalists.
    I believe Ron Paul called it "corporatism," while others refer to it as "crony capitalism."

    The pharmaceutical industry is a virtual monopoly, or maybe better described as a "drug cartel."

    Anyone developing a novel new cure today only has two choices: get a patent and sell it to one of the "approved" drug companies that can get it approved by the FDA, or go to prison for selling an "unapproved" drug if you try to market yourself.

    This is not capitalism.....
    There is no fear in love, but perfect love casts out fear. For fear has to do with punishment, and whoever fears has not been perfected in love.
    (1 John 4:18)

  5. #4
    Quote Originally Posted by Created4 View Post
    I believe Ron Paul called it "corporatism," while others refer to it as "crony capitalism."

    The pharmaceutical industry is a virtual monopoly, or maybe better described as a "drug cartel."

    Anyone developing a novel new cure today only has two choices: get a patent and sell it to one of the "approved" drug companies that can get it approved by the FDA, or go to prison for selling an "unapproved" drug if you try to market yourself.

    This is not capitalism.....
    You're correct. However, we have some forum members here who continually say that going against the pHARMaceutical industry is anti-capitalism. If we bring up these facts (the conflict of interests-- i.e.; paid scientists shills and revolving doors from the industry to government and vice-versa) we are also anti-capitalist, anti-science, conspiracy theorists kooks who don't have the education to know any better.
    “The spirits of darkness are now among us. We have to be on guard so that we may realize what is happening when we encounter them and gain a real idea of where they are to be found. The most dangerous thing you can do in the immediate future will be to give yourself up unconsciously to the influences which are definitely present.” ~ Rudolf Steiner

  6. #5
    It was reported earlier this month that Dr. Gerberding, now the executive vice president of pharmaceutical giant Merck, sold 38,368 of her shares in Merck stock for $2,340,064.32. She still holds 31,985 shares of the company’s stock, valued at about $2 billion.
    That should be million- not billion. The stocks were stock options which were part of her pay package at Merck. A stock option gives an executive the opportunity to buy shares at a given (below market) price which then can then turn around and resell at a higher (market) price (the company pays the difference between the discount price and the current market price on the sale to the executive). There is no indication she owned any shares while at the CDC. Options can expire so if they aren't exercised by a certain date, they lose that money. She exercised her options to buy at $33.49 - $36.56 per share which cost her $1.6 million plus any fees and sold them at $60 a share for $2.3 million so she got a total (before taxes) of $1.3 million. http://finance.yahoo.com/q/it?s=MRK+...r+Transactions

    Most large companies use stock options as part of executive pay packages.

  7. #6
    Quote Originally Posted by Zippyjuan View Post
    Most large companies use stock options as part of executive pay packages.
    Interesting. Most bureaucrats just use regulatory capture.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

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  8. #7
    See, this is a much better argument that things are afoul with vaccines than trying to argue that cowpox can't immunise against smallpox.
    In New Zealand:
    The Coastguard is a Charity
    Air Traffic Control is a private company run on user fees
    The DMV is a private non-profit
    Rescue helicopters and ambulances are operated by charities and are plastered with corporate logos
    The agriculture industry has zero subsidies
    5% of the national vote, gets you 5 seats in Parliament
    A tax return has 4 fields
    Business licenses aren't a thing
    Prostitution is legal
    We have a constitutional right to refuse any type of medical care

  9. #8
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    Quote Originally Posted by donnay View Post
    You're correct. However, we have some forum members here who continually say that going against the pHARMaceutical industry is anti-capitalism. If we bring up these facts (the conflict of interests-- i.e.; paid scientists shills and revolving doors from the industry to government and vice-versa) we are also anti-capitalist, anti-science, conspiracy theorists kooks who don't have the education to know any better.
    You don't understand, the CDC is just filled with a bunch of benevolent scientists working to bring Americans better health. Why do you hate science?
    Citizen of Arizona
    @cleaner4d4

    I am a libertarian. I am advocating everyone enjoy maximum freedom on both personal and economic issues as long as they do not bring violence unto others.



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  11. #9
    Looks like the CDC cleaned out all the changes she made while there. Besides policy changes, staff was reduced.

    http://www.nytimes.com/2010/03/16/he...prof.html?_r=0

    ATLANTA — No federal health agency changed more during the Bush administration than the Centers for Disease Control and Prevention. It got new buildings, new managers and an entirely new operating structure.

    A year into the Obama administration, only the new buildings remain. Dr. Thomas R. Frieden, the agency’s director since June, has quietly scrapped nearly all the administrative changes that the previous director, Dr. Julie L. Gerberding, spent much of her six-year tenure conceiving and carrying out.

    Gone are the nonscientific managers whom Dr. Gerberding sprinkled throughout the agency’s top ranks. Gone is a layer of bureaucracy, agency officials said. Gone, too, are the captain’s chairs with cup holders from a conference room so fancy that agency managers dubbed it the Crown Room.


    In their place, Dr. Frieden has restored not only much of the agency’s previous organizational structure and scientific managers, but also its drab furniture. And he has brought something new: a frenetic sense of urgency.

    The C.D.C. is considered one of the world’s premier public health agencies, responsible for tracking the spread of infectious disease, distributing vaccines and monitoring the causes of sickness and deaths. About three-quarters of its $10 billion annual budget is given out in grants to places like state and local health departments, which collectively lost 16,000 positions last year, according to a recent public health survey, making those grants that much more important.

    Dr. Frieden, 49, a former New York City health commissioner, marches around the agency’s Atlanta campus so rapidly that staffers have to trot to keep up. He uses his BlackBerry constantly, sending a stream of brief e-mail messages that are so cryptic that recipients sometimes ask for translations. “Kmi,” for instance, means “keep me informed.”

    By the end of her tenure, Dr. Gerberding had become so removed from day-to-day management that some top agency officials went weeks without seeing or hearing from her, they said. Dr. Frieden, by contrast, sometimes wanders the agency’s hallways and drops in on scientists unannounced to ask about their work, both delighting and terrifying them.

    In an interview last month, in his 12th-floor office, Dr. Frieden said that when he arrived in June, there was near-universal agreement that change was needed, but nobody wanted a repeat of the disruption Dr. Gerberding’s years-long reorganization had wrought.

    “Faced with that, you pull off the Band-Aid quickly,” Dr. Frieden said.

    Within two months, Dr. Frieden eliminated the “coordinating centers,” a layer of management Dr. Gerberding had added between the agency’s scientists and top leadership. The Coordinating Center for Infectious Diseases, with 600 employees, became the Office of Infectious Diseases, with 12. No one was fired; the agency’s leadership was simply pared.
    Some agency officials panicked when Dr. Frieden asked each to plan for a 3 percent budget cut. The exercise found few easy cuts and fewer still that could be used to finance other programs.

    “We have very little flexibility to move money around,” Dr. Frieden said.
    More at link.

  12. #10
    Quote Originally Posted by Zippyjuan View Post
    Looks like the CDC cleaned out all the changes she made while there.
    Except the deadly Merck vaccines she approved, like Gardasil. Not to mention silencing Dr. William Thompson's objections over covering up data linking the MMR vaccine to autism among black boys....
    There is no fear in love, but perfect love casts out fear. For fear has to do with punishment, and whoever fears has not been perfected in love.
    (1 John 4:18)

  13. #11
    Quote Originally Posted by Created4 View Post
    Except the deadly Merck vaccines she approved, like Gardasil. Not to mention silencing Dr. William Thompson's objections over covering up data linking the MMR vaccine to autism among black boys....
    The CDC approves vaccines now?

  14. #12
    Quote Originally Posted by TheCount View Post
    The CDC approves vaccines now?
    Not only approves them with tax-payer funded studies, but buys almost all of them with taxpayer funds as well:



    For those challenged by graphs, that is $5 BILLION in childhood vaccines the CDC purchases.
    There is no fear in love, but perfect love casts out fear. For fear has to do with punishment, and whoever fears has not been perfected in love.
    (1 John 4:18)

  15. #13
    Dr. William Thompson of the CDC sent Julie Gerberding this letter regarding the 2004 study the CDC conducted supposedly stating that there was no link between the MMR vaccine and autism:



    It's all good though. As Zippy stated above:

    There is no indication she owned any shares while at the CDC.
    Last edited by Created4; 05-27-2015 at 12:18 PM.
    There is no fear in love, but perfect love casts out fear. For fear has to do with punishment, and whoever fears has not been perfected in love.
    (1 John 4:18)

  16. #14
    Quote Originally Posted by Zippyjuan View Post
    That should be million- not billion. The stocks were stock options which were part of her pay package at Merck. A stock option gives an executive the opportunity to buy shares at a given (below market) price which then can then turn around and resell at a higher (market) price (the company pays the difference between the discount price and the current market price on the sale to the executive). There is no indication she owned any shares while at the CDC. Options can expire so if they aren't exercised by a certain date, they lose that money. She exercised her options to buy at $33.49 - $36.56 per share which cost her $1.6 million plus any fees and sold them at $60 a share for $2.3 million so she got a total (before taxes) of $1.3 million. http://finance.yahoo.com/q/it?s=MRK+...r+Transactions

    Most large companies use stock options as part of executive pay packages.

    but still no conflict of interest......
    "Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
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