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In January 2020, Gorsky testified at the New Jersey trial about Johnson & Johnson's baby powder product. [14] Under Gorsky's leadership, the company stock more than tripled, and averaged more than a 15% annual return, surpassing the S&P 500. Johnson & Johnson's market capitalization went from nearly $180 billion to more than $470 billion. [15]
Johnson's Baby products at a Kroger store Johnson's Baby products at a Chinese store. Johnson's Baby is an American brand of baby cosmetics and skin care products owned by Kenvue. The brand was introduced in 1893 with Johnson's Baby Powder. The product line consists of baby powder, shampoos, body lotions, massage oil, shower gels and baby wipes.
The company says that 70% of its Baby Powder is used by adults. [189] Later that year, a California jury ordered Johnson & Johnson to pay $417 million to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby Powder for feminine hygiene.
If you had invested $10,000 of today’s dollars in Apple when the company went public at $22 a share, your investment would now be worth $32.7 million, according to calculations by Fortune using ...
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Ron Johnson (born October 15, 1959) is the CEO and founder of Enjoy Technology. Previously, he was CEO of JCPenney, where he led a failed effort to fundamentally reshape the retailer; senior vice president of retail operations at Apple Inc., where he developed the concept of the Apple Retail Stores and the Genius Bar; and the vice president of merchandising for Target Corporation, where he was ...
Image source: Getty Images. 2. David Shaw. David Shaw is the founder of hedge fund D. E. Shaw. Last quarter, the fund sold 4.8 million shares of Apple -- reducing its stake by roughly 33%.
The company lost its dominant position in the desktop publishing market and estranged many of its original consumer customer base who could no longer afford Apple products. The Christmas season of 1989 was the first in the company's history to have declining sales, which led to a 20% drop in Apple's stock price.