Word: squibb
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Dates: during 1920-1929
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...more dividends are paid the retailer would still get his 6% and probably something besides from Squibb Plan. But either increase in dividends or increase in his Squibb purchases will add to the retailer's profit...
...extra inducement to go into the plan, Squibb is offering to every retailer whose purchases average more than $100 a month for the 15 months ending Dec. 31, 1930, the opportunity to buy directly, at $50 a share, as many shares of Squibb common as he holds of Squibb Plan...
...Surgeon Squibb did not live to see this new experiment. He sold his business some 25 years ago to the late Lowell M. Palmer, potent lime and cement man, who installed his son-in-law, Theodore Weicker, to run it. Later, Mr. Palmer's able son, Carleton H. Palmer, was installed at an early age and became, after the war and his father's death, president of the company. It was under his youthful stimulus that the business began advertising, expanding. Still young (38 years), clean-shaven (Squibb's shaving cream), smiling through white teeth (Squibb...
...result has been that in the last eight years Squibb's net profit has multiplied seven times in spite of expenditures of $14,000,000 for research. Sales last year were over $13,000,000, net profit $1,368,300. Squibb customers number some 700 physicians' supply houses and wholesalers, 700 boards of health, 1,300 medical clinics, 5,000 hospitals, 27,000 retail druggists...
...Squibb also has a plan for installment stock purchases by employes...