Milan Panic May Be Starting To Sweat

Shareholder suits and fed investigations dog the ICN honcho

Few men have worked harder than Milan Panic to create a world-class image. A Yugoslavian immigrant who started ICN Pharmaceuticals Inc. in 1959 with $200 and some used machinery, the 66-year-old chairman and CEO of the $508 million drug company today plays on the world stage. Photos line the wall of his Costa Mesa (Calif.) offices chronicling meetings with the likes of Bob Dole, Bill Clinton, and China's Li Peng, taken during his eight months as Prime Minister--from July, 1992, to February, 1993--to stabilize his war-torn homeland.

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