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Article: Searle learning to start all over
- Article from:
- Chicago Sun-Times
- Article date:
- June 1, 1986
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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When Monsanto bought Skokie-based G.D. Searle & Co. last year,
it took away Searle's hottest product, NutraSweet, made it into a
separate subsidiary, and basically told Searle to "start over."
That amounted to no small challenge given that the artificial
sweetner was the only product Searle had commercialized in the last
20 years.
Without NutraSweet revenue, Searle plunged to the status of the
nation's 34th largest pharmaceutical company.
Add to that the departure of Donald Rumsfeld, Searle's
well-known chairman credited with turning the floundering company
around in the 1970s, and the stage was set for the March appearance
of Searle's new chairman, Sheldon G. Gilgore, former ...
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