Essay on American Home Products Corporation

1442 Words Jan 26th, 2011 6 Pages
American Home Products Corporation

Symbol : AHP
NYSE : AHP

Business Description :
American Home Products (AHP) is one of the largest pharmaceutical companies in the world, based in Madison, New Jersey, USA. American Home Products is a corporation involved in the production and marketing of over 1500 consumer goods allocated among four distinct business lines. AHP is a company with virtually no debt and an impressive amount of cash in its balance sheet. The company is characterized by its distinctive corporate culture that emanated from its chief executive William F. Laporte. During 17 years, Laporte maintained an extremely conservative capital structure. In 1981, while Laporte was approaching retirement, analysts speculated on the
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