Word: lambert
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...most it would have seemed a stroke of calamity; to Belgian Baron Léon Lambert it was an act of providence. One wintry day in 1956, as the youthful baron's plane touched down at Brussels' airport, his brother rushed to tell him that the marble-columned 18th century mansion that had housed the venerable Banque Lambert for three generations had burned to the ground. But the old building had long since become too cramped to contain the mushrooming Lambert operation, which in the past ten years has quintupled deposits to $203 million and added 26 branches...
Trident is a product of Warner-Lambert Pharmaceutical Co., which is well into its own orbit in the new world of pharmaceuticals. Three months ago the company brought out an appetite-suppressing prescription drug, Pre-Sate, which has already taken a substantial bite of that $60 million-a-year market. This month it won five U.S. patents on a "Robot Chemist," a Rube-Goldberg-like device that automatically analyzes up to 120 samples per hour of anything from blood to industrial oil by mixing them with laboratory reagents, measuring the resulting chemical change, and recording the results on adding-machine...
Selling by Computer. This high productivity of marketable ideas would make it seem that Warner-Lambert has long been a dynamo of invention. Actually, 90% of its drug sales come from products more than ten years old, which is practically a century in that business. The line includes such venerable medicaments as Sloan's Liniment, Smith Brothers Cough Drops, Listerine, Rolaids, and Bromo-Seltzer. Warner-Lambert's newer directions are the result of a corporate turn-around wrought by a man who never ran a business before becoming its president eleven years ago: two-term...
Makeup for Men? Today Warner-Lambert makes more than 500 products, has recently opened factories in Morocco and Nigeria, has 44 other facilities abuilding or in the design state from Argentina to New Zealand. Under Driscoll, sales have nearly tripled; last year, on a volume of $335 million, earnings after taxes grew 14% to a record $34 million. Says the growth-minded Governor, who retains a politician's knack for sharpening a cliche: "I regard eggs in many baskets as one of our prime strengths...
Still in the incubator of Warner-Lambert's now vast laboratory program are pills to color hair and tablets to increase mental concentration. The company is also developing a line of men's cosmetics, including colognes and skin moisturizers. This may seem a bit far out, but after all, any company that can put chewing gum in orbit may just be the one to put moisturizing lotions on stubbly chins...