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    Strat Acitvity Today

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    Josiah Vino
    Miles White is the CEO of Abbott Laboratories. He grew up in Minnesota and attended Culver Military Academy before graduating from Stanford with engineering and MBA degrees. He worked at McKinsey before joining Abbott in 1984, where he rose to CEO in 1998. Abbott Laboratories agreed to pay $1.5 billion to settle charges related to unlawful marketing of Depakote. Under White's leadership, Abbott managed challenges by calming the situation and improving work to attract top scientific talent.

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    Strat Acitvity Today

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    Josiah Vino
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    Miles White is the CEO of Abbott Laboratories. He grew up in Minnesota and attended Culver Military Academy before graduating from Stanford with engineering and MBA degrees. He worked at McKinsey before joining Abbott in 1984, where he rose to CEO in 1998. Abbott Laboratories agreed to pay $1.5 billion to settle charges related to unlawful marketing of Depakote. Under White's leadership, Abbott managed challenges by calming the situation and improving work to attract top scientific talent.

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    Miles White is the CEO of Abbott Laboratories. He grew up in Minnesota and attended Culver Military Academy before graduating from Stanford with engineering and MBA degrees. He worked at McKinsey before joining Abbott in 1984, where he rose to CEO in 1998. Abbott Laboratories agreed to pay $1.5 billion to settle charges related to unlawful marketing of Depakote. Under White's leadership, Abbott managed challenges by calming the situation and improving work to attract top scientific talent.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views1 page

    Strat Acitvity Today

    Uploaded by

    Josiah Vino
    Miles White is the CEO of Abbott Laboratories. He grew up in Minnesota and attended Culver Military Academy before graduating from Stanford with engineering and MBA degrees. He worked at McKinsey before joining Abbott in 1984, where he rose to CEO in 1998. Abbott Laboratories agreed to pay $1.5 billion to settle charges related to unlawful marketing of Depakote. Under White's leadership, Abbott managed challenges by calming the situation and improving work to attract top scientific talent.

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    Josiah Q, Vino

    BSA 3-3

    1. Study the biography of Miles White, CEO of Abbot Laboratories, Include his
    childhood. If there is something significant, his interests, his educational
    attainment, professional and career orientation, and other facts that might have
    contributed to the success he is enjoying now.
    Miles White, was born in March 10, 1955 in Minneapolis, Minnesota, he is an
    American businessman and he currently serves as chairman and CEO of Abbot
    Labaratories, at the age of 13 Miles White went to Culver Military Academy in
    Indiana, and he graduare in Stanford University with a Degree of Bachelor of
    Engineering and MBA. Miles White start his career as a consultant at Mckinsey and
    Company and he joined in Abbott Laboratories in 1984 serving as Senior Vice
    President of Diagnostic Operation and Executive Vice President, and in April 1998 he
    was elected to Chief Executive Officer and the next year he became chairman of the
    board. Miles White also serve as Board of director of Mcdonalds and Catterpilar, he is
    a former Chariman of the federal Reserve Bank of Chicago and He is the chairman of
    the board of trustees of the Culver Educational Foundation and he also former
    Chairman of the Field Museum of Natural History board of trustees. And Miles White
    awarded as Americas Most powerful People and he recognized as one of the world 30
    best CEO by Barron for 11 Consecutive year.

    2. Study the beginnings of Abbot Laboratories, the challenges it encountered


    through the years, its journey toward success.
    The second-largest settlement of its kind, pharmaceutical giant Abbott
    Laboratories agreed to pay more than $1.5 billion to settle civil and criminal charges
    related to unlawful marketing of the drug Depakote. The case began with four
    whistleblower actions under the federal False Claims Act, which allows insiders with
    knowledge of fraud against the U.S. government to bring lawsuits and share in the
    government’s recovery. The settlement consists of an $800 million civil settlement, of
    which the qui tam plaintiffs can receive 15 to 30 percent, and a $700 million criminal
    fine. Abbott’s CEO and Board of Directors are also subject to court-supervised
    probation and reporting requirements.
    3. From the management, result-driven, practical, and inspirational strategies
    implemented by White at Abbot Laboratories, which struck you as something
    worth imitating? Explain your answer

    The best thing that Miles white did during challenges of the Abbott Laboratories is to
    calm and settle the problem. He is very determine that the company did nothing bad
    and under his leadership Abbot management their work has been improved in order to
    attract and retain the best scientific talent.

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