Word: merck
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Dates: during 1970-1979
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...advisory committee rejected unanimously a resolution that would prohibit Merck & Co. from contributing assets to political candidates, parties or government officials to purchase favor for its own operations because the committee found the resolution "badly worded and ambiguous...
...deep-rooted American suspicion of businessmen's motives. Many of our earlier Presidents (starting with George Washington) had some entrepreneurial experience, but the last out-and-out businessman who ran was Wendell Willkie in 1940. Says John T. Connor, chairman of Allied Chemical Corp. and former head of Merck & Co.: "Anyone with previous business experience becomes immediately suspect. Certain segments think that he can't make a decision in the public interest...
JOHN T. CONNOR, 60, Secretary of Commerce from 1965 to 1967 and now chairman of the board of Allied Chemical Corp. As president of Merck & Co., Inc., from 1955 to 1965, he was an outspoken pharmaceutical executive who recognized the value of federal drug controls...
...number of universities and foundations that voted in favor of management indicated that they may not be so accommodating next time. The Carnegie Corporation, with assets of $305 million, voted against the reformers' proposals at Eli Lilly, Merck, Ford and G.M. But Alan Pifer, the foundation's president, wrote to chairmen of the firms emphasizing the "substantial importance" of the issues. Trustees of the United Methodist Church's Glide Foundation ($6 million) wrote to each of the companies in the Glide portfolio that they would support management's slate of directors only if it included women...
...five companies, only Merck and Co. has held their stockholders meeting. Both resolutions were overwhelmingly defeated, with the drug abuse proposal receiving only 2 per cent of the vote and the labelling proposal even less...