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...manage, though. Cardinal started as a small Ohio food distributor in 1971, and eight years later, founding CEO Robert Walter moved the company into pharmaceuticals. Over the next two decades, he transformed the firm into a $75 billion conglomerate. "It was a very entrepreneurial company, founded out of the back of this Harvard Business School guy Bob Walter's car," says Lisa Gill, a JPMorgan analyst who has covered Cardinal since 1999. "People talked about Cardinal wanting to be the GE of health care...
Enter Barrett. Before being hired to head Cardinal's drug-distribution business in early 2008, Barrett ran the North American operations of Teva, one of the world's largest generic-drug manufacturers. Barrett immediately focused on luring back independent-pharmacy customers, which are more profitable and rely on wholesalers for generics. The first step was to reopen all supply channels by paying $34 million to settle the DEA's allegations surrounding the firm's role in filling fake prescriptions. Then Barrett narrowed Cardinal's sources for generics from 120 to a few dozen to ensure that it could consistently offer...
BUZZ ALDRIN, one of the original Apollo 11 astronauts, supporting the Obama Administration's plan to scrap NASA's Constellation program--intended to put American explorers back on the moon--in favor of smaller projects...
...listening to Superficial is that the nature of celebrity hasn't changed; celebrity is just more than ever its own industry. We've found a group of people who are hot, rich and narcissistic to entertain us with their lives and another group to entertain us with their work. Back when promotional outlets were limited to billboards and Johnny Carson, being a celebrity could move product. But now that there's an infinite number of ways for everybody to get your attention, celebrity cannot achieve much more than product awareness...
...been a decade since I attended a CPAC, but back in the 1980s I used to plan my year around them. They gathered more ambitious Republican politicians in one place than any other event except a party convention. It was at a CPAC that I first heard Newt Gingrich speak and saw Reagan in the flesh. (See the 10 greatest speeches of all time...