Word: mckeen
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Dates: during 1960-1969
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...courts. Charging conspiracy to fix prices and limit competition, the Justice Department won a grand jury antitrust indictment against three of the nation's largest antibiotic producers and their chief executives. The defendants: American Cyanamid and its chairman, Wilbur G. Malcolm; Charles Pfizer & Co. and Chairman John E. McKeen; Bristol-Myers Co. and President Frederic N. Schwartz...
...drug companies could draw fines of up to $150,000 each, and their chief executives would be liable to as much as a year in jail plus $50,000 fines. But the embattled drug executives clearly had no intention of surrendering without a fight. Snapped Pfizer's McKeen: "The charges are positively not true." Said Cyanamid's Malcolm: "Harassment." And Bristol-Myers' Schwartz promised: "This action will be vigorously defended...