Word: beesley
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Dates: during 1950-1959
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...drug companies angrily denied the charges. Prices of vaccine, they noted, had been cut five times, to a little over half the initial price. "It would be a strange conspiracy," said Eli Lilly's President Eugene N. Beesley, "that had as its purpose repeated decreases in prices -never an increase.'' Lilly's average profit, said Beesley, was only 6¼? per dose, against which the company took the gamble of producing vaccine without assurance of a market. Currently, Lilly has an inventory of 24,043,000 doses. Since demand has fallen way off, Lilly may have...
Other personnel changes: ¶Eli Lilly & Co. chose Executive Vice President Eugene N. Beesley, 44, to be its new president, the first nonmember of the Lilly family to head the company. Joining Lilly as a sales representative in 1929. Beesley worked his way up to sales manager of the Cleveland and Indianapolis districts, served as director of personnel and trade relations, finally as vice president of executive administration. He takes over the duties of Josiah Kirby...