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300 millionaires
- The company sale created more than 300 millionaires.
en.wikipedia.org/wiki/Ewing_Kauffman
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With Kauffman as chairman, Marion Laboratories had revenues of $930 million in 1988, the year before it merged with Merrell Dow Pharmaceuticals to form Marion Merrell Dow. Kauffman became chairman emeritus of the new company. [1] The company sale created more than 300 millionaires. [1]
The 33-year-old entrepreneur makes sales calls to physicians’ offices during the day and fills orders from the basement of his home at 6705 Locust Street into the night. In its first year in business, Marion’s income from sales totals $39,000 and the company turns a modest $1,000 profit.
Sep 21, 2016 · His Marion Laboratories employed thousands of people in the area and made many of them millionaires with his profit-sharing plans.
Mar 5, 2013 · Marion Laboratories had a market value of roughly $156 million, and Kauffman and his family owned 31 percent.9 Moreover, he had become a sportsman in the old-fashioned sense of the word, owning a stable of several race horses and enjoying the associated lifestyle.
Sep 12, 2019 · Kauffman’s pharmaceutical company, Marion Laboratories, had taken a beating in the stock market. On top of that, he had lost money every year he had owned the Royals, including around $1...
Ewing Kauffman’s Marion Laboratories cracks the Fortune 500 list in 1988 as the 430th largest industrial corporation in the U.S. It improves to 389th place in 1989 and climbs to rank 354th the following year. During that period, sales grow nearly three times the pharmaceutical industry average.
Apr 18, 2024 · Ewing Marion Kauffman's Keys. Founded Marion Laboratories, growing it from a one-man outfit in 1950 to $930 million in revenue in 1989 when Dow Chemical acquired it.
