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Chicago's Abbott Laboratories, like most firms in the aggressively competitive drug industry, observes the most stringent plant security: work areas are grilled off and guarded, gates open only briefly for shift changes and deliveries, employee parcels are scrutinized. It is impossible, however, to police minds and memories. Abbott is seeking an injunction against two former employees, claiming that they memorized the formula for its highly successful Sucaryl, an artificial sweetener, and duplicated it in a competing product...

Author: /time Magazine | Title: Industry: Corporate Spies | 3/26/1965 | See Source »

...Abbott is only one of a growing number of companies with such security problems. Last week, at an American Management Association conference in Manhattan, businessmen were startled to hear statistics showing that industrial espionage has risen 50% in recent years. Corporate losses through spying and the theft of goods and processes now run to $2 billion yearly...

Author: /time Magazine | Title: Industry: Corporate Spies | 3/26/1965 | See Source »

...Committee Report, will be introduced at today's Faculty meeting. 22 Faculty members had a hand in its drafting, although no all of them support all of its provisions. In addition to Constable they are Rogers G. Albritton, professor of Philosophy; Bernard Bailyn, professor of History; Walter Jackson Bate, Abbott Lawrence Lowell Professor of the Humanities; Garrett Birkhoff, professor of Pure and Applied Mathematics; Reuben Brower, professor of English; Brice Chalmers, Gordon McKay professor of Metallurgy; J. Peterson Elder, Dean of the Graduate School of Arts and Sciences; H. Stuart Hughes, professor of History; Carl Kaysen, Lucius N. Littauer Professor...

Author: NO WRITER ATTRIBUTED | Title: Complete Text of New Proposal for Gen Ed | 2/16/1965 | See Source »

...year veterans. Elsewhere across the U.S., year-end fiscal cheer varies from the $10 Philadelphia Electric Co. gave its 9,300 nonexecutive workers to the average of $375 that Scio Pottery Co. of Scio, Ohio, handed 1,010 workers a fortnight ago. Chicago's prospering Abbott Laboratories, the pharmaceutical makers, paid a record $1,211,000 bonus to 4,000 nonexecutive employees last month-a 29% increase from 1963. Chemical Bank New York Trust Co., the nation's fifth largest commercial bank, is adding a bonus of 10% to each employee's first $5,000 of salary...

Author: /time Magazine | Title: U.S. Business: Success with Largesse | 1/1/1965 | See Source »

Walter J. Bate '39, Abbott Lawrence Lowell Professor of the Humanities, has won this year's Christian Gauss Award, for his book John Keats. Phi Beta Kappa presented the award to him at a dinner in Washington Friday...

Author: NO WRITER ATTRIBUTED | Title: Bate Receives Award From Phi Beta Kappa | 12/7/1964 | See Source »

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