Word: moret
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Dates: during 2000-2009
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...Vasella returned to Switzerland to head corporate marketing at Sandoz headquarters in Basel. The next year he briefly led the company's global drug-development programs, and he was its chief operating officer before becoming CEO of its drug business, reporting to the chairman of the conglomerate, Marc Moret--his wife's uncle. Vasella applied the lessons he had learned while managing Sandostatin to all the company's drug-development efforts. When Sandoz announced in 1996 that it would merge with its rival across the Rhine, Ciba-Geigy, Vasella was named CEO of the new company...
...this environment, Vasella had something to prove. His family ties to Moret had provoked dark mutterings of nepotism, especially in light of his rapid rise. But that was unfair, says SG Cowen analyst Peter Laing. "To anyone who followed the company at the time, Dan was the live wire. He had the most international outlook, and there really wasn't anyone at Ciba to challenge...
...interview with Welch followed an address by Mini Desai and Stephen Moret, who are the presidents of the graduating class. They alternated speaking during the address. The first part of their speech consisted of inside jokes and tales of the agony of waiting for their HBS admission letters...