Mr. Levin's resignation comes after three days of disclosures of corruption in Pfizer's finance department, revealed by former Pfizer finance executive Mr. Ashok S. Idnani, on the Question Authority with Dr. Peter Rost blog.
Brandweek wrote that "Rost this week has devoted his blog to an astonishing series of posts which allegedly describe how Pfizer execs in India took kickbacks in connection with the sale of a Pfizer building for far less than it was worth; how Pfizer hires private detectives to spy on rival executives and pay bribes, and how Pfizer India kept a "gift" list for certain Indian government officials."
Pfizer in the press release wrote that "Chief Financial Officer Alan Levin has resigned to pursue career opportunities outside Pfizer." Clearly, Mr. Levin doesn't appear to have a new job lined up just yet, which indicates this was not a voluntary separation from Pfizer.
Mr. Levin's "resignation" was announced on a weekend, after three days of sordid proof that Pfizer fired a finance executive who repeatedly warned Pfizer that the company hired detectives who paid bribes, used corporate spies, pretexting, and paid off competitor's employees to leak confidential information, and used other potentially illegal means of obtaining information for the company.
Both Pfizer's corporate audit and legal compliance departments were involved in the investigation of this affair, which also included allegations of a dodgy sale of a manufacturing plant at a fraction of its real value, intimations of kickbacks, and a list of bribes to government officials by name.
For full story of Pfizer's financial whistleblower see:
1. Pfizer Finance Executive Blows the Whistle - Part One
2. Pfizer Finance Executive Blows the Whistle – Part Two
3. Pfizer Finance Executive Blows the Whistle – Part Three