Word: squibbs
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...early 1969, Medical School Dean Robert Ebert was appointed to the Board of Directors of Squibb Beach-Nut, Inc. -As a director, Ebert held 267 shares of Squibb stock--valued at--about $15,000. He also received a yearly salary of several thousand dollars...
During the summer of 1969, Ebert decided that his Squibb post might give the appearance of conflict of interest with his administrative duties. He decided to resign from the Board, but was persuaded by Squibb President Richard Furlaud, a personal friend, to remain with the company as a "public director" owning no stock and receiving no salary...
Mintz's story suggested that Ebert's testimony on Squibb's behalf revived conflict of interest charges made three years ago by 19 second-year Harvard med students...
...students sent a letter to The Crimson in October 1969 which criticized Ebert's ties with Squibb. The letter said that Evert, then a director of Squibb, could not instruct his medical students on sensible prescription practices while advising a major manufacturer of brand-name drugs...
Ebert resigned his directorship, but returned to Squibb as a consultant later that year at the request of Squibb president Robert Furlaud...