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Shareholders to Challenge Johnson & Johnson's Support for Left-Wing Policy Agenda: CEO William C. Weldon to Be Questioned on Firm's Failure to Disclose Financial Information on Firm's ObamaCare Lobbying It Pledged to Release Last Year
Date:4/27/2011

WASHINGTON, April 27, 2011 /PRNewswire-USNewswire/ -- The National Center for Public Policy Research will grill Johnson & Johnson executives over the firm's lobbying for bigger government Thursday, April 28 at the company's annual shareholder meeting in New Brunswick, New Jersey. National Center General Counsel Justin Danhof will demand specific answers about the company's pro-ObamaCare lobbying that Johnson & Johnson CEO William C. Weldon promised to provide but failed to do.

A National Center for Public Policy Research/FreedomWorks poll shows the pharmaceutical giant is vulnerable to a boycott by conservatives.

Johnson & Johnson's favorability among conservatives fell from 69 percent to 19 percent and from 60 percent to 8 percent among tea party activists after participants were informed of the company's lobbying or ObamaCare and cap-and-trade.

In addition to supporting Obama's health care takeover, Johnson & Johnson is a member of the U.S. Climate Action Partnership, a left-wing lobbying coalition formed to promote job-killing global warming regulations such as cap-and-trade.

"From the ObamaCare bill to cap-and-trade legislation, President Obama has been able to count on Johnson & Johnson for aid and comfort. By supporting Obama's economically disastrous policies, Johnson & Johnson is working to increase the power and scope of the federal government at the expense of American liberties and values. Weldon should explain why he is risking Johnson & Johnson's reputation, goodwill and shareholder value to promote a big-government agenda," said Danhof.

Johnson & Johnson is a member of the Pharmaceutical Researchers and Manufacturers of America (PhRMA), which aggressively lobbied for President Obama's health care takeover. At last year's Johnson & Johnson shareholder meeting, Weldon promised National Center Free Enterprise Project Director Dr. Tom Borelli that the firm would disclose precisely ho
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SOURCE National Center for Public Policy Research
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