"the interesting thing about J J is most people think as the dean said about baby shampoo and Band-Aids but if you really look at Johnson and Johnson the biggest segment is our pharmaceutical business ..."

"lenses vistacon which is down in Florida our Ortho clinical Diagnostics business which looks at Diagnostics and is really very much involved now in genomics and Gene and looking at personalized medici..."

"businesses that grew slower than their competition and the reason for that is a is a product called duragesic which went generic last year and when you have a generic product go generic you lose about..."

"Baby which everyone knows and then Health Women's Health Care which makes up our consumer segment which Again by itself would be about the sixth largest consumer business in the world and the largest ..."

"health care Brands we became one of the largest players in that area Lubriderm going into our our skin and and hair care and then you have Visine going with our contact lenses in that area so we saw w..."

"from about 14 leadership positions to over 20 leadership positions which means that you have a lot of Leverage in dealing with these uh these large accounts where a lot of the business grows up the OT..."

"launching that at the end of the year which really brings us into a another area to yet further grow our our OTC business the other thing that this did was it really balanced our portfolio the way the..."

"portfolio to bring our almost a quarter of our business back into the consumer area the moving on to the management philosophies we have a document that many of you may be aware of called our Credo It..."

"good places to work secure jobs and to make sure that we treat them well the third one is our philanthropy and that we we have a responsibility to give back to the communities in which we live and wor..."

"dollars that share is now worth over half a million dollars so there's been a pretty fair return that these people have have realized as um by investing in the company but I I think the thing that has..."

"it makes you look at things differently you have to make sure you're taking care of your customer first and foremost your employees the communities you live managing your business well the shareholder..."

"at leadership we look at people and we look at the people that work in our company and treat them properly broadly based in human health care this is one that we debate all the time if you went back p..."

"putting them together the duragesic patch which went off patent was really when we worked with fentanyl which was a product and looked at a passive patch where we were able to get engineers and and ph..."

"innovation that's going on any place in the world decentralized is another one the dean spoke about where in 57 countries we have 200 operating companies the people that run our companies the women me..."

"leaders and it allows people to make mistakes and make mistakes in areas where it's not going to be as catastrophic as if you're running a multi-billion Dollar business of some of our larger businesse..."

"billion dollars in the development and investments in our business we spent about 7 billion in r d we spent 16 billion in the the acquisition of Pfizer consumer health care and then we had other Acqui..."

"and if you look at this chart over again the last 10 years you can look at it over the last 20 30 40 or 50 or 100 years well 60 years you see that the returns that J and J have given to shareholders h..."

"so with that that's all I had to say and I went through it pretty quickly hopefully so that we'd have time for a q a but that's that's really about what J is all about it's uh it's about customers and..."

"um uh people from the farm group with maybe the medical device group and they actually look at things we have a we have a group which is called jjdc Development Corporation where we set up internal Ve..."

"Diagnostics group Now set up in our in our research facility in La Jolla that works actually with our pharmaceutical research and development group to look at the genomic up with patients the again Ci..."

"okay yeah yeah I mean basically it's it's looking at the you know the whole breakthrough you know mapping the human genome everybody thought was going to be this big breakthrough well it was but it di..."

"those areas but we have a our orthoclinical Diagnostics company we have a company called vertech that sits in La Jolla with our biotechnology company in in La Jolla and they're actually look at all th..."

"time um so, I, have a, question, about, leadership developments and session planning and skills so when you look for the next leader of Johnson and Johnson in an increasingly globalized economy what s..."

"we also try and give them opportunities to work in in businesses or areas or manage Brands where you know where they're going to learn they're going to make mistakes and they're going to learn so we t..."

"wisdom and the future of this trend well the thing that's unique about J and J at least I think it is is you can you can go anyplace in the world you can work in all different businesses I've worked i..."

"that's one of the things that a corporation like j j or some of the others has to offer where you don't have to move if you want to gain varied experiences and you want to develop different skills and..."

"I think there is there is a difference there um I think the other piece that you know is is sometimes criticized of uh J J is kind of what we were talking about here is we do we do live somewhat in ou..."

"to do is surround yourself with people that are much better than you are I mean there's no doubt in my mind that the people sit on the executive committee are much better at what they do than I could ..."

"experience for me because we do hear about the Ugly American who goes over there and thinks they know everything I would hope to think I wasn't that way but I did think I knew a lot more than I probab..."

"within a group yeah goal setting you know growing organization and decentral organization like yours and how you re-motivate the group that have achieved The Impossible goal and say you should like go..."

"you've got to think about those things but I I think you should set aggressive goals now realistic goals and attainable goals but but really aggressive goals and somebody who beats their you know thei..."

"afraid of of doing things differently I mean if you set a huge objective you look at it a whole differently different way than if you said at this little incremental change you got to look for somethi..."

"afford and we actually came out at a lower price and we had initially anticipated we're setting up Distributors and and manufacturers we're giving rights to in some of the different parts of the world..."

"that we're trying to treat patients but but where whether whether it's in Tokyo or Shanghai or or or Beijing or Belgium wherever it may be you know we have groups of people that are working with the g..."

"and move people with skills as well as the Technologies together economy and the business units I was wondering if there's ever been a time when you've intervened to try and resolve a conflict between..."

"are so so you intervene um setting up the the diagnostic group in La Jolla was an intervention where a couple of us got involved and said we need to do this we need we the farm people have been actual..."

"think innovation in general is is a challenge the thing that most biotechs have as an advantage over over a large company is they don't have a profit the day you turn profit is the day you got a probl..."

"you asked a question about my career I'll tell you there there were times when I just went out and did it and God bless it you know fortunately many of them worked out some didn't and so I suffered th..."

"them one more yeah or Johnson Johnson have a opinion on uh Universal Health Care coverage in the US in terms of like single care or Universal values or employment and if any of these are actually impl..."