J&J Split About 'Unleashing' Consumer Business: CEO

Johnson & Johnson announced a major restructuring, splitting into two companies: one focusing on consumer products and the other on pharmaceuticals and medical devices. This decision, driven by market changes and innovation, aims to enhance growth and value for stakeholders. The company plans to maintain its AAA rating and address talc liabilities without affecting the split. The move aligns with evolving strategies and shareholder interests, emphasizing innovation and a strong corporate credo.

What is the significance of maintaining a AAA rating for Johnson & Johnson, and how does it relate to their business strategy?

How does Johnson & Johnson plan to address the talc liability issue in relation to the consumer division?

What role does the credo of Johnson & Johnson play in the company's decision-making process?