Novartis (NYSE:NVS) fired a number of senior executives for misconduct, noting the pharmaceutical giant will not tolerate those who do not uphold certain ethical values.
The Zurich-based company did not specify the reason for the dismissals or disclose how many people were ousted.
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Confirming the news on the Pharmalot blog, Novartis CEO Joe Jimenez said the company sometimes has to terminate those who breach the company’s “well-known rules.”
“Our code of conduct is in place so that everyone is treated with respect and we conduct business in a fair and transparent way,” he said on Pharmalot.
Novartis has taken steps recently to mediate staff misconduct after paying $175 million to settle a gender discrimination lawsuit in 2010 that led to a $253 million jury verdict against the company.