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December 8, 1997 | Associated Press
Doctors at an American Medical Assn. conference in Dallas denounced an aborted endorsement deal with Sunbeam Corp. and debated whether to call for an outside investigation. At stake, many doctors said, is the AMA's reputation. The organization has tried to withdraw from the deal to endorse Sunbeam's health-care products, prompting the Delray Beach, Fla.-based company to sue the AMA for $20 million.
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BUSINESS
August 21, 1997 | Times Wire Services
Sunbeam Corp.'s exclusive marketing agreement with the American Medical Assn., which lets the company use the group's symbol on its products, is being reviewed by the association after it drew widespread criticism. Consumer and watchdog groups worry that the endorsement, unveiled last week, will detract from the AMA's reputation as an unbiased source of medical information. The nation's largest doctors organization will announce sometime this week its decision on the five-year agreement.
BUSINESS
October 30, 1997 | Reuters
The American Medical Assn. has issued an interim set of guidelines for dealing with corporate America, reaffirming a ban on exclusive product endorsements. Earlier this year, the AMA withdrew, under heavy criticism, from an exclusive deal with Sunbeam Corp. of Delray Beach, Fla., after agreeing to endorse nine Sunbeam products in exchange for royalties based on sales.
BUSINESS
October 30, 1997 | Reuters
The American Medical Assn. has issued an interim set of guidelines for dealing with corporate America, reaffirming a ban on exclusive product endorsements. Earlier this year, the AMA withdrew, under heavy criticism, from an exclusive deal with Sunbeam Corp. of Delray Beach, Fla., after agreeing to endorse nine Sunbeam products in exchange for royalties based on sales.
BUSINESS
June 4, 1993 | From Times Staff and Wire Reports
Sunbeam and Kazarian Slug It Out: Paul Kazarian, the ousted chairman of Sunbeam-Oster, filed a $3.2-billion lawsuit against his investment partners, charging that they cheated and slandered him in a conspiracy driven by "unrestrained greed and malice." The lawsuit is the latest salvo in an unusually ugly and public fight between Kazarian, whose weekend ouster last January surprised Wall Street, and Sunbeam-Oster Co., a maker of small household appliances. He has about 20% control of the company.
BUSINESS
January 30, 1997 | From Times Wire Services
Philip Morris Cos. said Wednesday that its profit climbed 15.6% in the fourth quarter, propelled by an industry-leading tobacco business led by the top-selling Marlboro brand. The New York conglomerate, which also owns the growing Kraft food business and the struggling Miller Brewing operation, also said its earnings rose 15.7% for all of last year compared with 1995. It cited market research that estimated its cigarette brands accounted for nearly one of every two cigarettes sold in the U.S.
BUSINESS
July 23, 1993 | From Times Staff and Wire Reports
Sunbeam-Oster Pays $3.9 Million to Ousted CEO: The settlement ended a $3.2-billion lawsuit filed by Paul Kazarian against two investment partners with whom he had remade the appliance maker as an independent company in 1990. Kazarian, 37, was fired in January after executives complained he was behaving irrationally and had allegedly harassed women. In addition to the severance payment, Sunbeam agreed to buy back from Kazarian 12.4 million shares of company stock for $173 million.
BUSINESS
December 8, 1997 | Associated Press
Doctors at an American Medical Assn. conference in Dallas denounced an aborted endorsement deal with Sunbeam Corp. and debated whether to call for an outside investigation. At stake, many doctors said, is the AMA's reputation. The organization has tried to withdraw from the deal to endorse Sunbeam's health-care products, prompting the Delray Beach, Fla.-based company to sue the AMA for $20 million.
BUSINESS
August 22, 1997 | From Reuters
The American Medical Assn., saying it made a mistake, on Thursday backed away from a product endorsement scheme with Sunbeam Corp. that critics had condemned as a sellout of the physicians group. The nation's largest medical group issued a statement signed by the chairman of its board, Thomas Reardon, and the executive vice president, P. John Seward, saying the decision to approve the pact with Sunbeam "was an error." "As a result, our credibility was called into question.
BUSINESS
October 24, 1997 | From Associated Press
Declaring the yearlong restructuring of Sunbeam Corp. complete, Chairman Al Dunlap on Thursday opened the door to deal makers, saying he is interested in selling, merging or buying big early next year. The home-appliance maker hired Morgan Stanley Group Inc. as its investment banker, and Dunlap said he will consider "any and all types of transactions."
BUSINESS
August 22, 1997 | From Reuters
The American Medical Assn., saying it made a mistake, on Thursday backed away from a product endorsement scheme with Sunbeam Corp. that critics had condemned as a sellout of the physicians group. The nation's largest medical group issued a statement signed by the chairman of its board, Thomas Reardon, and the executive vice president, P. John Seward, saying the decision to approve the pact with Sunbeam "was an error." "As a result, our credibility was called into question.
BUSINESS
August 21, 1997 | Times Wire Services
Sunbeam Corp.'s exclusive marketing agreement with the American Medical Assn., which lets the company use the group's symbol on its products, is being reviewed by the association after it drew widespread criticism. Consumer and watchdog groups worry that the endorsement, unveiled last week, will detract from the AMA's reputation as an unbiased source of medical information. The nation's largest doctors organization will announce sometime this week its decision on the five-year agreement.
BUSINESS
January 30, 1997 | From Times Wire Services
Philip Morris Cos. said Wednesday that its profit climbed 15.6% in the fourth quarter, propelled by an industry-leading tobacco business led by the top-selling Marlboro brand. The New York conglomerate, which also owns the growing Kraft food business and the struggling Miller Brewing operation, also said its earnings rose 15.7% for all of last year compared with 1995. It cited market research that estimated its cigarette brands accounted for nearly one of every two cigarettes sold in the U.S.
BUSINESS
November 13, 1993 | From Times Staff and Wire Reports
Sunbeam-Oster Co. Recalls Grills: The appliance maker issued a recall of 4,500 indoor electric grills, saying they could pose a fire hazard if accumulated grease is not removed from the grill between uses. Sunbeam said consumers can return the grills, which have a gray Nu-Stone plastic base and were sold between September, 1992, and June, 1993, to the manufacturer for refund or replacement. The grills, bearing model numbers Sunbeam 4757 and Oster 4772, sold for $30 to $45, the Providence, R.I.
BUSINESS
July 23, 1993 | From Times Staff and Wire Reports
Sunbeam-Oster Pays $3.9 Million to Ousted CEO: The settlement ended a $3.2-billion lawsuit filed by Paul Kazarian against two investment partners with whom he had remade the appliance maker as an independent company in 1990. Kazarian, 37, was fired in January after executives complained he was behaving irrationally and had allegedly harassed women. In addition to the severance payment, Sunbeam agreed to buy back from Kazarian 12.4 million shares of company stock for $173 million.
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