Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Neutrogena's Chairman Cleans Up


In Business This Week

NEUTROGENA'S CHAIRMAN CLEANS UP

The big winner in Johnson & Johnson's acquisition of Neutrogena, announced on Aug. 22, will be Neutrogena Chairman Lloyd Cotsen: His 38% stake is worth $348 million. But Cotsen, who started at the soap-and-shampoo company in 1957, after marrying the boss's daughter, has had a career fraught with family tragedy and intrigue. In 1979, his wife and teenage son were found murdered at home in Beverly Hills, Calif. Police suspected a business rival involved in a bitter dispute over Neutrogena trademark rights--who later committed suicide. And Cotsen's second wife filed suit in 1992 charging him with failing to deliver $1.5 million worth of Neutrogena stock he had promised. Cotsen denied the charge.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus