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Dads' Investment Helps us Grow

‘There is no greater investment one makes in life than in their children.’

Strategy and Strength|June 19, 2017

Few things in life make a dad prouder than watching his kids succeed.

Scott Leinenweber, our head of investor relations, is no exception – and recently he had a chance to reflect on this with 130 or so Abbott employees and their dads at a unique “Bring Your Father to Work†event.

Scott reflected on his Father’s Day and experiences at the Abbott event in a recent LinkedIn blog post, where he said: “There is no greater investment one makes in life than in their children.â€

And the investment so many parents of Abbott employees have made over the course of nearly 130 years have helped the company grow tremendously. A few stats:

  • Since 1998, our sales have grown from $12.5 billion to $25.4 billion ($51 billion if you include AbbVie, the proprietary pharma business we spun off in 2013).
  • Our mix has shifted from 60 percent in the U.S. to 65 percent outside of the U.S., to reflect the changing global business landscape.
  •  Our market cap (again, including AbbVie for apples-to-apples) has more than doubled since we strategically split with the pharma business and our combined market cap since Miles White became CEO has nearly tripled from $74 billion to $212 billion (including AbbVie and Hospira).
  •  We've met or beaten Street adjusted EPS estimates every quarter for the last 10 years.

 to check out his full blog post.