FREE ESSAY ON BRISTOL-MYERS SQUIBB

BRISTOL-MYERS SQUIBB

Bristol-Myers Squibb
Bristol-Myers Squibb is a worldwide health and personal care company with major
businesses in medicines, beauty care, nutritionals, and medical devices. BMS is a leader
in innovative therapies for cardiovascular, metabolic and infectious diseases, central
nervous system and dermatalogical disorders, and cncer. They are also leaders in consumer
medicine, orthopaedic devices, ostomy care, wound management, nutritional supplements,
infant formulas, and hair and skin care products.Some of the very well known products
manufactured by Bristol-Myers Sqibb are Bufferin, Excederin, Enfamil, Clairol, and Sea
Breeze. Another large part of BMS is their research and development of new pharmecutical
products. Their annual budget for research and development is in excess of one billion
dollars.
Bristol-Myers Squibb is the product of a merger between Bristol-Myers and Squibb Company
in 1989. Bristol-Myers was originally Clinton Pharmecuticals, a failing drug
manufacturing firm. In 1887 William McLaren Bristol and John Ripley Myers invested five
thousand dollars in the company and on December 13, 1887 became president and vice
president respectively. In 1898 the name was changed from Clinton Pharmecutical Company
to Bristol,Myers Company. In 1899, after Myers's death, the comma was replaced by a
hyphen. In 1856 Edward Robinson Squibb founded a pharmecutical company in Brooklyn, New
York. In 1895 the company became E.R. Squibb & Sons when Squibb passed most of the
responsibility to his sons. The company was then sold to Lowell M. Palmer and Theodore
Weiker in 1905. Then in 1989 came the merger of Bristol-Myers and Sqibb creating, what
was then, the second largest pharmecutical enterprise in the world.
Bristol-Myers Squibb currently employs over 57,000 people in more than 60 countries
around the world. A highly diversified corporation, BMS has career opportunities in a
variety of business and technical fields. For a descriptive list of current openings, as
well as contact names and addresses, consult Bristol-Myers Squibb's employment page at
www.bms.com/joinus. Recruiting also takes place on over 50 college campuses in the U.S.
and at various job fairs and conferences. 
The CEO of Bristol-Myers Squibb is Charles A. Heimbold. Heimbold earned his B.A. at
Villanova University(1954), his I.L.B at The University of Pennsylvania(1960), and his
L.L.M at New York University(1965). After earning his L.L.B he got a job at Middlebank,
Tweed, Hadley, & McCloy Law Firm. After leaving there in 1963 he held several legal and
operating positions. In 1981 Heimbold became Senior Vice President of Planning and
Development at Bristol-Myers Squibb. After receiving this position he kept climbing the
corporate ladder at Bristol-Myers Squibb until reaching his current position of chairman
and CEO.
Bibliography
Sources Cited
About Our Company Bristol-Myerw Squibb 14 Feb. 2000
27 Feb. 2000
Bristol-Myers Squibb Vault.com 2000
24 Feb. 2000
Charles Heimbold Spencer Stuart 1999
27 Feb. 2000