100 Abbott Park Rd., Abbott Park 60064; 708-937-6100
COMPANY
Founded: 1900
Year-end: Dec. 31
Employees: 50,000; 14,000 in Illinois
Foreign sales: 38 percent of $9.2 billion
Stock: 365-day close
High: $39.375
Low: $26.625
April 28: $39.375
April 1, 1995 value of $1,000 in company stock
Purchased 1994: $1,376.54
Purchased 1990: $2,423.79
CHIEF EXECUTIVE
Duane L. Burnham, 53, since 1989
Cash compensation: $1,827,296, up 7 percent
Options granted in 1994: $3,512,251, up 12 percent
Options, stock appreciation rights exercised: None
Shares owned: 418,301 of 802 million
This health-care products giant, which saw its 23rd consecutive year of record profits, is in the vanguard of the U.S. push into foreign markets. As economies recovered in Europe, and as they grew in Latin America and Southeast Asia, international sales of its drugs and nutritional products jumped 17 percent last year while sales in the United States grew 11 percent.
In its campaign to strengthen its pharmaceutical business, the company has amassed an impressive array of new drugs and has others in the pipeline.
As other companies lose interest in diagnostics, Abbott is expected to gain. Sales of hospital products such as intravenous solutions and pumps have kept growing despite overall industry flatness.
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The Tribune’s business reporting staff profiles the Chicago area’s Top 100 companies, based on market capitalization as of April 28, 1995.
The information in the profiles was obtained from the following sources:
– Company reports, including annual reports, public stock offering prospectuses and proxy statements.
– Interviews with company officials.
– Reports by securities analysts.
– News reports.
– Dow Jones News/Retrieval, an on-line service of Dow Jones & Co., New York.
– Bloomberg Business News, New York.
– TMS Stocks, a subsidiary of Tribune Media Services Inc., a unit of Tribune Co., Chicago.
– Morningstar Inc., Chicago.
– “First Chicago Guide,” published by Scholl Communications, Deerfield.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
Each profile includes the 365-day high, low and April 28, 1995, closing stock price for the company. Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago also are shown. The date on which those calculations are based is April 1. The results assume reinvestment of dividends on a quarterly basis.
Each profile includes the chief executive’s cash compensation, including bonus and other compensation paid in 1994, along with the change from the prior year. The figure for the CEO’s stock holdings includes shares the CEO had the right to acquire within 60 days of the proxy statement’s issuance.
