Word: distributor
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When George Barrett was named CEO of Cardinal Health in August, the prognosis was grim. The nation's second largest drug distributor, Cardinal had lost a third of its value the previous year. The U.S. Drug Enforcement Administration (DEA) had suspended several of the company's licenses. What's more, the firm, based in Dublin, Ohio, was about to spin off its lucrative medical-tech arm, CareFusion, sparking a further double-digit drop in its stock price. In other words, Barrett deadpans, "we had some challenges...
Cardinal's somewhat haphazard acquisition strategy proved difficult to 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...
After Titanic, Cameron got financial carte blanche to spend a bundle on another no-star epic. (The film's distributor, 20th Century Fox, claims that the budget for Avatar was $237 million, less than that of Spider-Man 3 or the last Harry Potter movie.) This time, instead of re-creating a cruise ship, Cameron created a whole new world, using technologies he waited nearly a decade to see come to fruition. The man who built the Titanic became the God of the Old Testament - or at least J.R.R. Tolkien - summoning previously unseen lands from his majestic imagination...
...long, full career that lasted from her early teens to her death on Jan. 22 at 80, in Santa Monica, Calif., of lung cancer. The actress's screen impact in her early flush of stardom could also be defined by another pair of clashing adjectives that a British distributor slapped onto She Couldn't Say No, a minor Simmons vehicle from 1954: Beautiful but Dangerous...
...possible purchase of Cadbury, a famous British candy brand, has been on the trust board's agenda ever since. The two companies already had a relationship, with Hershey acting as Cadbury's U.S. distributor. Cadbury had even considered buying Hershey when the trust first put it up for sale...