Stephen P. MacMillan
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Stephen P. MacMillan
Stephen P. MacMillan is the chairman, president and chief executive officer of Hologic, a medical device and diagnostic manufacturer headquartered in Marlborough, Massachusetts. He is the former CEO of Stryker Corporation, a medical device manufacturer headquartered in Kalamazoo, Michigan. Education MacMillan received a B.A degree in Economics from Davidson College, where he was co-captain of the golf team. He is also a graduate of Harvard Business School's Advanced Management Program. MacMillan serves on the Davidson College Board of Trustees. Career MacMillan joined Stryker Corporation in 2003 as president and chief executive officer, and was promoted to chief executive officer in 2005. He resigned from the position in February 2012 citing "family reasons". In November 2012, he joined sBiomed, a Utah-based company, as the chief executive officer. In December 2013, following a settlement with activist shareholder Carl Icahn, medical technology company Hologic named MacMill ...
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Hologic
Hologic, Inc. is a medical technology company primarily focused on women’s health; it sells medical devices for diagnostics, surgery, and medical imaging. History In late November 2013, activist investor Carl Icahn disclosed a 12.5% stake in the company. Subsequently, the company adopted a poison pill to prevent a hostile takeover. In negotiations with the Company's board of directors, two additional directors backed by Mr. Icahn were added to the board, each managing directors of Icahn holding companies. Icahn considered his investment and intervention into Hologic to have been a success, with his nominees to the board of directors resigning on March 3, 2016 and exiting his position by May 16, 2016. In 2017, Hologic acquired Westford, Massachusetts-based aesthetic medicine company Cynosure for $1.65 billion. On November 20, 2019, Hologic announced the divestment of Cynosure to Clayton, Dubilier & Rice for $205 million; this was completed on December 30, 2019. Cynosure had ...
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Marlborough, Massachusetts
Marlborough is a city in Middlesex County, Massachusetts, United States. The population was 41,793 at the 2020 census. Marlborough became a prosperous industrial town in the 19th century and made the transition to high technology industry in the late 20th century after the construction of the Massachusetts Turnpike. Marlborough was declared a town in 1660. It was incorporated as a city in 1890 when it changed its municipal charter from a New England town meeting system to a mayor–council government. History John Howe in 1656 was a fur trader and built a house at the intersection of two Indian trails, Nashua Trail and Connecticut path. He could speak the language of the Algonquian Indians though the local tribe referred to themselves as the Pennacooks. The settlers were welcomed by the Indians because they protected them from other tribes they were at war with. In the 1650s, several families left the nearby town of Sudbury, 18 miles west of Boston, to start a new town. The ...
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Davidson College
Davidson College is a private liberal arts college in Davidson, North Carolina. It was established in 1837 by the Concord Presbytery and named after Revolutionary War general William Lee Davidson, who was killed at the nearby Battle of Cowan’s Ford. Davidson is a four-year undergraduate institution and enrolls 1,973 students from 50 states and territories, Washington, DC, and 46 countries. Of those students, 95 percent live on campus, 71 percent study abroad, and about 25 percent participate in 21 NCAA Division I sports. The college’s athletic teams, the Wildcats, compete in the Atlantic 10 Conference for all sports except football, which competes in the Pioneer Football League. Davidson's 665-acre (269 ha) main campus is located in a suburban community 19 miles (30 km) north of downtown Charlotte, North Carolina. The college also operates a 110-acre (44.5 ha) lake campus on the shores of nearby Lake Norman. The college offers 37 majors and 39 minors in liberal arts d ...
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Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA program, management-related doctoral programs, and many executive education programs. It owns Harvard Business Publishing, which publishes business books, leadership articles, case studies, and the monthly ''Harvard Business Review''. It is also home to the Baker Library/Bloomberg Center. History The school was established in 1908. Initially established by the humanities faculty, it received independent status in 1910, and became a separate administrative unit in 1913. The first dean was historian Edwin Francis Gay (1867–1946). Yogev (2001) explains the original concept: :This school of business and public administration was originally conceived as a school for diplomacy and government service on the model of the French '' Ecole des S ...
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Stryker Corporation
Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. In the United States, most of Stryker's products are marketed directly to doctors, hospitals and other healthcare facilities. Internationally, Stryker products are sold in over 100 countries through company-owned sales subsidiaries and branches as well as third-party dealers and distributors. Business segments Stryker segregates their reporting into three reportable business segments: Orthopedics, Medical and Surgical (MedSurg), and Neurotechnology and Spine. * Orthopedics products consist primarily of implants used ...
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Activist Shareholder
An activist shareholder is a shareholder who uses an equity stake in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In comparison, a full takeover bid is a much more costly and difficult undertaking. The goals of activist shareholders range from financial (increase of shareholder value through changes in corporate policy, cost cutting, etc.) to non-financial (disinvestment from particular countries, etc.). Shareholder activists can address self-dealing by corporate insiders, although large stockholders can also engage in self-dealing to themselves at the expense of smaller minority shareholders. According to research firm ''Insightia,'' a total of 810 listed companies globally were publicly subjected to activist demands in 2020, down from 896 in 2019. Shareholder activism can take any of several forms: proxy battles, publicity campaigns, shareholder resolutions, litigation, a ...
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Carl Icahn
Carl Celian Icahn (; born February 16, 1936) is an American financier. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach. Icahn takes large stakes in companies that he believes will appreciate via changes to corporate policy and he then pressures management to make changes that he believes will benefit shareholders. He was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds. In the 1980s, Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is on the ''Forbes'' 400 and has a net worth of approximately $17 billion to $24 billion. Since 2011, Icahn no longer manages money for outside clients, although investors can invest in Icahn Enterprises. Early life and education Icahn was born in Brooklyn to an Ashkenazi J ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Disappearance Of Peng Shuai
The disappearance of Peng Shuai occurred after 2 November 2021 when tennis star Peng Shuai accused former Chinese Vice Premier Zhang Gaoli of sexual assault three years earlier. Peng and Zhang had purportedly been involved in an extramarital affair both before and after the incident, and their relationship ended shortly before her post. Information about her story was censored by the Chinese government. Afterwards, Peng disappeared from public view in what was suspected but not proved to be a forced disappearance. She showed up in state media two weeks later. E-mails and interview publications have depicted her denying that she made the accusation of sexual assault. The incident elicited international concern over her safety, whereabouts, and ability to communicate freely, and the WTA suspended all its events in China until April 2023. Background and allegation On 2 November 2021, Peng posted a lengthy message on her Weibo account where, according to several media outlets, sh ...
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Peng Shuai
Peng Shuai (; born 8 January 1986) is a Chinese retired professional tennis player. In February 2014, she was ranked world No. 1 doubles player by the WTA, becoming the first Chinese tennis player to achieve that ranking (in either singles or doubles). She peaked at No. 14 of the singles rankings in August 2011, and won two singles and 23 doubles titles on the WTA Tour. Peng won a gold medal at the 2010 Asian Games, defeating Akgul Amanmuradova in the singles final. At the 2013 Wimbledon Championships, Peng won her first major title in doubles, with Hsieh Su-wei of Taiwan. She also won the women’s doubles title at the 2014 French Open with Hsieh. Her best performance at a major in singles came at the 2014 US Open where she reached the semifinals, becoming the third Chinese tennis player in history to make a Grand Slam semifinal after Zheng Jie and Li Na. Peng is known for playing with two hands on both sides and hits very flat. She has defeated many top-10 and top-5 ...
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Women's Tennis Association
The Women's Tennis Association (WTA) is the principal organizing body of women's professional tennis. It governs the WTA Tour which is the worldwide professional tennis tour for women and was founded to create a better future for women's tennis. The WTA's corporate headquarters is in St. Petersburg, Florida, with its European headquarters in London and its Asia-Pacific headquarters in Beijing. The Women's Tennis Association was founded in June 1973 by Billie Jean King, and traces its origins to the inaugural Virginia Slims tournament, arranged by Gladys Heldman, sponsored by Joe Cullman, CEO of Philip Morris, and held on 23 September 1970 at the Houston Racquet Club in Houston, Texas. Rosie Casals won this first event. When the Women's Tennis Association was founded, Billie Jean King was one of nine players that comprised the WTA, also referred to as the Original 9, that included Julie Heldman, Valerie Ziegenfuss, Judy Dalton, Kristy Pigeon, Peaches Bartkowicz, Kerry Mel ...
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