Word: ccla
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...Bernard L . Towers, co-director of trhe CCLA program in Medicine, Law and Human Values, said recentrly, "There is ano question that the medical profession is remiss in policing itslef. There is a lot that goes on that people turn a blind eye to and a great many people don't want to get involved" At least some leaders of the medical profession are tryhing to change that...
...timing especially annoyed CCLA brass: the offer came before Coke-L.A. could release its third-quarter sales and earnings figures. These are usually the year's fattest because of summer soft-drink consumption. CCLA's sales last year were $165 million, v. $141 million in 1975; earnings rose to $11 million from $9 million. Coke-L.A. even filed suit to stop the takeover bid, charging that it was illegal because MCA began buying shares of CCLA before filing appropriate documents with the U.S. Securities and Exchange Commission. Trading in CCLA was indeed furious: through the last...
That was not enough for CCLA managers, who denounced the MCA offer to shareholders as "not being representative of the inherent worth of your company." Coke-L.A., they pointed out, is about to wrap up a deal of its own to acquire Coca-Cola Bottling Co. of Mid-America. That would extend CCLA's marketing turf from Hawaii and the West Coast eastward. Both companies, like about 500 other Coke bottlers, are independent of the monster Coca-Cola Co. of Atlanta, which supplies bottlers for a fee with Coke syrup and rights to the trademark. The bottlers...
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