Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
THE WHITMAN INVESTMENT COMPANY Date: 11/30/16 Meeting opened: Call to Order at 12:10 by Kincaid Hoffman Summary of today’s agenda by Kincaid Hoffman Motion made to approve agenda by Kincaid Hoffman Motion made to approve minutes from 11/16/16 by Kincaid Hoffman Discussion 12:10 Motion to vote in new members The potential new member was Robert Colton The motion passed to vote him in. 12:15 The officers spoke about elections next week You must be a member in order to run or nominate a candidate. All three roles are available: CEO, CFO, COO CEO: In charge of running meetings, coordinating officers and the board of trustees. CFO: Oversees the maintenance of financial records, executing trades, investopedia and market updates. COO: In charge of attendance records, coordination of guest speakers 12:40 Tom Howe presented on Mylan Mylan has been active in acquiring companies as of recent Compound annual growth rate of generic drugs is largest in the pharmaceutical industry, which Mylan specializes in The nature of HIV treatment is rapidly changing with new breakthroughs One acquisition is Meda, which focuses on product development Helps their presence in Europe, but doesn’t add R&D Another is Abbott Labs, of which Mylan only acquired the generic division Another lack of R&D acquisition Famy Care is based in India, focused on contraception Conclusions are that Mylan is banking on internationally business development 12:45 No motion was made to purchase Mylan Adjournment: 12:50 Kincaid Hoffman initiated the motion of adjournment. Motion passed. Meeting adjourned.