CEO Says He's Been "Praying for Inflation" Because It's an Excuse to Jack Up Prices

[patphil]

4. Yeah, profit is everything.

When I worked for Lederle Laboratories, a pharmaceutical company, many years ago, a company vice-president addressed the Quality Control/Quality Assurance staff and told them, "We don't want to find a cure for diseases. Do that and you lose a customer. What we want is to create a medication that relieves symptoms and provides for a reasonable quality of life, but needs to be taken for the rest of their life".
That amounts to 10's of thousands of dollars as opposed to perhaps 100 dollars.

This is the corporate mentality...profit above all else.