Administration includes all non-manufacturing overhead, including the salaries and benefits for all employees not directly involved in manufacturing. White collar workers, janitors, secretaries, cafeteria workers. It also includes the buildings, lighting bills, and everything else involved in non-manufacturing overhead. I expect there are some executive bonuses in there somewhere. Keep in mind that AIG's executive bonuses of $165 million made headlines. If the Pfizer bonuses were this large, it would be 2 percent of the $7 billion R & D in your reference.
Selling includes the cost of thousands of free samples to doctors, not just things like ads.
If you divide the net income reported in the paper by the revenues, you get a profit of about 20 percent.
Current Events » in reply to I did some homework. Here is what Pfizer says officially.
Administration
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- re: Capitalism
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- re: Capitalism
- Socialism and Communism are similar in the essential policy of State Supremacy.
- Specifically: handicapped and mentally ill children