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The new company would assume 3M's business in wound and oral care, health informatics, and biopharmaceutical filtration. [2] The sales of products in these fields accounted for about a quarter of 3M's total sales in 2021. [3] CEO Mike Roman said that the split would "position 3M for the future, to create more opportunity and greater certainty". [4]
At the time, Vice Chairman E. Kirk Shelton was reported to have inflated the company's revenue by $500 million over a period of three years. He had reported a 1997 net income of $55.4 million when the true 1997 result was a net loss of $217.2 million.
Following the decision to dissolve the Cendant company name and split into four separate companies, the vehicle rental division of Cendant became Avis Budget Group in 2006. [ 9 ] In 2011, Avis Budget Group acquired Avis Europe , an independently owned company licensee, globally reuniting the Avis and Budget brands.
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The Jones Group was renamed Nine West Holdings and became parent to Nine West Group and One Jeanswear Group. [4] Later in 2014, Anne Klein, Easy Spirit and NW Jewelry Group were split into separate operating companies of Nine West. [5] In 2014, Brian Atwood was sold to Steve Madden. [6]
David Alvarez, former president of the integrated-card unit, made a US$12.2 million profit selling his stock before the company disclosed that it was in deep trouble. Larry Thompson sold all his stock having a value of approximately US$ 4.7 million following his confirmation hearing and a short time before Providian's financial problems became ...
In August 2012, SAIC announced its plans to split into two publicly traded companies. [18] [19] The company spun off about a third of its business, forming an approximately $4 billion-per-year service company focused on government services, including systems engineering, technical assistance, financial analysis, and program office support. The ...
One youth with unpaid prison gambling debts had been so severely beaten by three others that he required surgery to have his spleen removed. In a separate incident, four staff members, including two managers, allowed two boys who had a disagreement to fight for nearly 10 minutes as they stood by and watched. No one reported the incident, and no ...