jerryminor:...I had no idea of the blood management industry.
The top dog at Haemonetics, Brian Concannon, pulled down over 5 million last year. He was the fellow who worked for the same company as Reibling at one time, back in the days that Haemonetics was just a twinkle in someone's eye - American Hospital Supply Corp. was the parent company that manufactured early cell saver technology.
The blood management industry is tied into the world of biotechnology, it is part of it - technologies like artificial blood, stem cells, and bloodless surgery are all part of the same industry. Blood management has been born from that industry - the bloodless medicine world. Entering the biotech investment world is like playing roulette at the casino with thousand dollar bills while everybody else is playing penny ante over on the rummy table.
For some background read on the volatile world of biotechnology and the investors that drive it, this is a good read:
The Golden Cell by Karen Van Kempen
Another company that you can take a peek at is the one that manufactures the blood substitute that the JWs push, the one that doesn't have FDA approval yet - Hemopure. The company has changed names and locations rapidly over the years - it was once known as Biopure - I am not sure who they are now or where exactly. It is hard to stay on pace with that world. And the scandal surrounding the founder of Hemopure is interesting.
Petraglyph:
Hello,
Really good thread OrphanCrow. You've done a lot of commendable research.
This is my first post after lurking for at least a couple of years.
When I was studying for my MBA in the UK we covered a case study on an upmarket restaurant chain and the lecturer shared that he had visited the one in Brooklyn. He commented that this was one of the places the Jehovah's Witnesses used to entertain their business associates and he remarked that they were a very wealthy organisation. I thought that quite interesting at the time.
I think you may find Open Corporates useful for your research..."
Thanks, Petra. I will use that resource, I am sure. Every once in a while it is handy to track down the owners and investors.
About the WT entertaining business associates - I ran into a comment by Henwood in a court document that spoke of the "expensive entertaining" that he would engage in with the WT people in the paper department.
Henwood was the fellow who was the salesman that negotiated the paper contracts for the WT several years ago. It got messy, Henwood ended up in court in 2004...it was a mess. He was receiving an exorbitant salesman commission on inflated paper prices.
The WT paper department got an overhaul - another Society man was brought in and heads rolled - not sure what happened internally, but the court document's that involved Henwood are publicly available. The one court document I was never able to track down was Rittenbach's testimony, the Society man who cleaned up the mess.
The links to the documents are just past halfway down this page:
Henwood and the Watchtower