Johnson & Johnson
From Wikipedia, the free encyclopedia
| Johnson & Johnson | |
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| Type | Public (NYSE: JNJ) |
|---|---|
| Founded | 1886 |
| Headquarters | New Brunswick, New Jersey, USA |
| Key people | William C. Weldon, Chairman & CEO Dominic J. Caruso, CFO, Christine A. Poon, Vice Chairman & Worldwide Chairman Medicines & Nutritionals |
| Industry | Major drugs, Health care |
| Products | Pharmaceuticals, medical devices, Personal healthcare products, toiletries |
| Revenue |  $53.324 billion USD (2006) [[1]] |
| Operating income | $14.587 billion USD (2006) [[2]] |
| Net income | $11.053 billion USD (2006) [[3]] |
| Employees | 116,200 (2006) |
| Website | www.jnj.com |
Johnson & Johnson (NYSE: JNJ) is a global American pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. Its common stock is a component of the Dow Jones Industrial Average and the company is listed among the Fortune 500. Johnson & Johnson is known for its corporate responsibility and consistently ranks at the top of Harris Interactive's National Corporate Reputation Survey.[1]
The corporation's headquarters is located in New Brunswick, New Jersey, United States. Its consumer division is located in Skillman, New Jersey. The corporation includes some 230 subsidiary companies with operations in over 57 countries. Its products are sold in over 175 countries.
Johnson & Johnson's brands include numerous household names of medications and first aid supplies. Among its well-known consumer products are the Band-Aid Brand line of bandages, Tylenol medications, JOHNSON'S Baby products, Neutrogena skin and beauty products, Clean & Clear facial wash and Acuvue contact lenses.
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[edit] History
Robert Wood Johnson, inspired by a speech by antisepsis advocate Joseph Lister, joined brothers James Wood Johnson and Edward Mead Johnson to create a line of ready-to-use surgical dressings in 1885. The company produced its first products in 1886 and incorporated in 1887.
Robert Wood Johnson served as the first president of the company. He worked to improve sanitary practices in the nineteenth century, and lent his name to a hospital in New Brunswick, New Jersey. Upon his death in 1910, he was succeeded in the presidency by his brother James Wood Johnson until 1932, and then by his son, Robert Wood Johnson II.
Jamie Johnson, great-grandson of the founder, made a documentary called Born Rich about the experience of growing up as the heir to one of the world's greatest fortunes.
[edit] Corporate Chairmanship
- Robert Wood Johnson I1887-1910
- James Wood Johnson 1910-1932
- Robert Wood Johnson II1932-1963
- Robert Wood Johnson III1963-1965
- Philip B. Hofmann1965-1973
- Richard B. Sellars1973-1976
- James E. Burke 1976-1989
- Ralph S. Larsen 1989-2002
- William C. Weldon 2002-
[edit] Corporate governance
Current members of the board of directors of Johnson & Johnson are: Mary Sue Coleman, James G. Cullen, Robert J. Darretta, Michael M.E. Johns, Ann Dibble Jordan, Arnold G. Langbo, Susan L. Lindquist, Leo F. Mullin, Christine A. Poon, Steven S. Reinemund, David Satcher, and William C. Weldon.[2]
[edit] Diversification
Since the 1900s, the company has pursued steady diversification. It added consumer products in the 1920s and created a separate division for surgical products in 1941 which became Ethicon. It expanded into pharmaceuticals with the purchase of McNeil Laboratories, Inc., Cilag, and Janssen Pharmaceutica, and into women's sanitary products and toiletries in the 1970s and 1980s. In recent years, Johnson & Johnson has expanded into such diverse areas as biopharmaceuticals, orthopedic devices, and Internet publishing. Recently, Johnson & Johnson has purchased Pfizer's Consumer Healthcare department. The transition from Pfizer to Johnson and Johnson was completed December 18, 2006.
Johnson & Johnson was named one of the 100 Best Companies for Working Mothers in 2004 by Working Mother.
Along with Gatorade, Johnson & Johnson is one of the founding sponsors of the National Athletic Trainers' Association.
[edit] Headquarters
The company has historically been located on the Delaware and Raritan Canal, in New Brunswick. The company considered moving its headquarters out of New Brunswick in the 1960s, but decided to stay in town after city officials promised to gentrify downtown New Brunswick by demolishing old buildings and constructing new ones. While New Brunswick lost at least one historic edifice (the inn where Rutgers University began) to the redevelopment, the gentrification did attract people back to New Brunswick. Johnson & Johnson hired Henry N. Cobb from Pei Cobb Freed & Partners to design an addition to its headquarters, which took the form of a white tower in a park by the railroad tracks.
[edit] 1982 Chicago Tylenol murders
In 1982, the company faced the 1982 Chicago Tylenol murders, in which Extra Strength Tylenol capsules were tampered with by one or more unknown suspects. The product was found to be laced with cyanide, which prompted a national recall. The company's response was widely praised by public relations experts and the media.
[edit] Subsidiary holdings ('Johnson & Johnson Family of Companies')
Johnson & Johnson has 230 subsidiaries. These include:
- ALZA Corporation
- Animas Corporation
- BabyCenter, L.L.C.
- Biosense Webster, Inc.
- Centocor, Inc.
- Cilag
- Codman & Shurtleff, Inc.
- Cordis Corporation
- DePuy, Inc.
- Ethicon Endo-Surgery, Inc.
- Ethicon, Inc.
- Gynecare
- Independence Technology, LLC
- Janssen Pharmaceutica
- Janssen Pharmaceutica Products, L.P.
- Johnson & Johnson, Group of Consumer Companies, Inc.
- Johnson & Johnson Health Care Systems Inc.
- Johnson & Johnson - Merck Consumer Pharmaceuticals Co.
- Johnson & Johnson Pharmaceutical Research & Development, L.L.C.
- LifeScan, Inc.
- McNeil Consumer & Specialty Pharmaceuticals
- McNeil Nutritionals
- Noramco, Inc.
- Ortho Biotech Products, L.P.
- Ortho-Clinical Diagnostics, Inc.
- Ortho-McNeil Pharmaceutical
- Ortho-Neutrogena (a merge of Neutrogena and Ortho Dermatological)
- Personal Products Company
- Penaten
- Pharmaceutical Sourcing Group Americas (PSGA)
- Pharmaceutical Group Strategic Marketing (PGSM)
- Peninsula Pharmaceuticals, Inc.
- Scios Inc.
- Tasmanian Alkaloids
- Therakos, Inc.
- Tibotec
- Transform Pharmaceuticals, Inc.
- Vistakon
[edit] References
- ^ Harris Interactive press release, "Johnson & Johnson Ranks No. 1 in National Corporate Reputation Survey for Seventh Consecutive Year", December 7, 2005.
- ^ Johnson & Johnson investor website - Board of Directors
[edit] External links
- licensee of the revolutionary iBOT mobility system (division of Johnson and Johnson
- Johnson and Johnson company profile from Pharmaceutical Business Review
- Johnson and Johnson Company Profile at MarketWatch.
- Johnson & Johnson Vision Care Acuvue web case study
[edit] Company Websites
[edit] Johnson & Johnson Consumer Brands
- Acuvue
- Aveeno
- Band-Aid
- Carefree
- Clean & Clear
- K-Y
- Neutrogena
- Rembrandt
- Stayfree
- Tylenol
[edit] Johnson & Johnson Consumer Brands Websites
- Ambi Skin Care Website
- First-Aid Website
- O.B. Tampons Website
- Purpose Skin Care
- Reach Website
- Johnson's Adult Website
- Johnson's Baby Website
- RoC Skincare Website
- Rembrandt Oral Care Website
- Monistat Website
- Shower to Shower Website
[edit] Data
- Yahoo!, Sector; Healthcare, Industry; Major Drugs, market cap ranking (trailing Pfizer at 200.5B on 12-3-2006)
[edit] Family history
- Zodiac, a historic schooner built for the Johnson family heirs
| Johnson & Johnson | |
|---|---|
| William C. Weldon, Chairman & CEO | |
| Past CEOs and Presidents: Robert Wood Johnson I • James Wood Johnson • Robert Wood Johnson II • Robert Wood Johnson III • Philip B. Hofmann • Richard B. Sellars • James E. Burke • Ralph S. Larsen | |
| Selected Subsidiaries | |
| ALZA Corporation • Centocor • Cilag • DePuy, Inc. • Ethicon Endo-Surgery, Inc. • Ethicon, Inc. • Independence Technology, LLC • Janssen Pharmaceutica • LifeScan • McNeil Consumer & Specialty Pharmaceuticals • Ortho-McNeil Pharmaceutical • Ortho-Neutrogena • Penaten • Tibotec | |
| Selected Brands | |
| Acuvue • Aveeno • Band-Aid • Carefree • Clean & Clear • Johnson's Baby • K-Y • Neutrogena • OneTouch • Rembrandt • Stayfree • Tylenol | |
| Annual Revenue: $53.3 billion USD 5.6% Annual Income: $11.1 billion USD 9.9% (FY 2006) | Employees: 116,200 | Stock Symbol: NYSE: JNJ | Website: www.jnj.com |
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