BUSB 361 Financial Management
Jillian Ivey Sidoti
June 15, 2010
Abbott was founded in 1888 by Dr. Wallace Abbott. He was a physician in Chicago. Since then, Abbott has expanded into many health care markets. Abbott has become a broad-based health care company that discovers, develops, manufactures and markets products and services that span the continuum of care. This ranges from prevention and diagnosis to the treatment and cure of patients. Abbott’s principle businesses are global pharmaceuticals, nutritional and medical products, including diagnostics and cardiovascular devices. Abbott is currently headquartered in Chicago. They serve customers in over one hundred and thirty countries, with an employee base of approximately 83,000 at more than 100 manufacturing, distribution, research and development, and other locations around the world. The principal market for Abbott’s common shares is the New York Stock Exchange. Shares are also listed on the Chicago Stock Exchange and traded on various regional and electronic exchanges. Outside the United States, Abbott’s shares are listed on the London Stock Exchange and the Swiss Stock Exchange.
Abbott has an extensive Senior Management Team which consists of seven Executive Vice Presidents and thirteen Senior Vice Presidents. Abbott’s Chairman of the Board and Chief Executive Officer, Miles D. White is also on the current Board of Directors for Abbott listed here (in alphabetical order): * Robert J. Alpern, M.D., Dean, Yale School of Medicine, New Haven, Connecticut * Roxanne S. Austin, President and Chief Executive Officer, Move Networks, Inc., American Fork, Utah * William M. Daley, Head of the Office of Corporate Social Responsibility and Chairman of the Midwest, JP Morgan Chase & Co., Chicago, Illinois * W. James Farrell, Retired Chairman and Chief Executive Officer, Illinois Tool Works Inc., Glenview, Illinois * H. Laurance Fuller, Retired Co-Chairman of the Board, BP Amoco, p.lc., London, United Kingdom * William A. Osborn, Chairman and former Chief Executive Officer, Northern Trust Corporation and its principal subsidiary, The Northern Trust Company, Chicago, Illinois * The Rt. Hon. Lord Owen CH, Chairman of Europe Steel, Ltd., London, United Kingdom * Roy S. Roberts, Managing Director, Reliant Equity Investors LLC, Chicago, Illinois * Samuel C. Scott III, Retired Chairman, President and Chief Executive Officer, Corn Products International Inc.,…