The plot thickens - more on lansinoh

----- Original Message ----- 
From: "Cathy Liles" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Tuesday, March 10, 2009 4:29 PM
Subject: Re: LACTNET Digest - 9 Mar 2009 to 10 Mar 2009 - Special issue (#2009-271)


> >
>> Liz Brooks defends the acceptance of Lansinoh sponsorship by ILCA even
>> though they are a fully owned subsidiary of Pigeon Corp.
> 
> Liz writes, "Remember, please, our Economics 101:  a free market
> capitalistic economy means a company whose shares (stocks) are publicly
> traded cannot in any way restrict who the buyer might be. Stocks are put up
> for sale, and the person/entity who is willing to pay the most for them gets
> them.  So:  Pigeon bought up the majority of Lansinoh shares.   BUT -- the
> corporate structure and governance at Lansinoh remains "firewalled" -- the
> same guys that ran that shop when it was bought are still running the
> shop."
> 
> Economics 101 does in fact teach us about free market economies, Lansinoh
> was not a publicly traded company bit a privately held company. Pigeon did
> not acquire stocks or buy a majority of shares, they bought the whole
> company lock, stock and barrel. The only thing that is firewalled is the
> perception that "nothing has changed." Lansinoh is only autonomous as long
> as Pigeon allows them to be. and the sames guys will be running the shop
> only as long as Pigeon allows them to. As a wholly owned subsidiary,
> accepting sponsorship from Lansinoh is equivalent to accepting sponsorship
> from Nestle Waters, North America., a wholly owned subsidiary of Nestle,
> S.A. which sells no products in violation of the WHO Code.
> 
> We cannot forget that this is not about useful products but about marketing
> actions which are detrimental to infant health. The Code is a global child
> health initiative and we all have a responsibility to support it.
> 
> Cathy Liles
> 
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