Word: sulzer
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Apparently Marisa W. Green ’04 and Alessandra B. Sulzer ’03 found “Horace and Seneca” sexy enough. These two Classics concentrators have taken advantage of the intimate class size and enrolled as some of Ker’s first Harvard students. “Because of the smaller class we have been able to really mold the curriculum,” says Green, who is joint concentrating in music. “Professor Ker has been willing to tailor the syllabus to our interests...
...March, Sulzer Medica executives flew Scruggs to their headquarters in Winterthur, Switzerland. "Does everybody know what the IRS is?" Scruggs drawled before the stone-faced suits. "Well, I feel like an IRS agent who says he's here to help." He didn't get so much as a grin...
...Sulzer Medica was one of those quietly successful Swiss firms that make steady money and precision products--in its case, medical implants from teeth to knees. But then Medica burst into the news in the worst way. In December it recalled 40,000 titanium hip replacements that had been tainted during manufacture with a thin film of oil--just enough to prevent some patients' bones from bonding to them. The recall forced more than 2,500 to endure a second painful operation to replace faulty implanted joints; 2,000 more are expected. Most are in the U.S., so of course...
...February, with Sulzer Medica facing possible bankruptcy, one of its U.S. executives rang his buddy Joe Cunningham, a physician prominent in Texas, to brainstorm. "My basic idea," Cunningham says, "was to get somebody who thinks like a plaintiff and see how they would respond to this." He called Richard Scruggs, the Pascagoula, Miss., trial lawyer whose efforts forced big tobacco into a $246 billion settlement in 1998 and who is working with Cunningham in a crusade against managed-care companies. Though Scruggs styles himself an advocate for the little guy, he is also a sucker for big, gnarly cases...
Some victims were horrified at the prospect of holding stock in the company that caused them trauma, but, Medica argued, that might be the only way to generate enough money to compensate them. Investors felt saved. Sulzer Medica shares jumped 19% on Aug. 29, the day after a U.S. district judge gave the $780 million plan a preliminary nod. "If it holds, it will be replicated," says John Aldock, a Washington corporate defense attorney. Don't worry about Scruggs putting himself out of business. If the deal holds, he could receive as much as $25 million...