Bristol-Myers Squibb

Bristol-Myers Squibb {{nyse|BMY}}, colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company and Squibb Corporation. Its Chairman and CEO is Peter R. Dolan, and it is headquartered in New York City. Its primary R&D sites are located in New Jersey and Connecticut, with other sites around the US, in Ireland and in other countries.

Related Topics:
Pharmaceutical - Corporation - Chairman - CEO - Peter R. Dolan - New York City

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The company was involved in an accounting scandal{{ref|ybiz}} in 2002 that resulted in a significant restatement of revenues from 1999-2001. The restatement was the result of an improper booking of sales related to "channel-stuffing", or the practice of offering excess inventory to customers in order to reflect higher sales numbers. The company has since settled with the Justice Department and Securities and Exchange Commission related to this scandal. Bristol-Myers Squibb is on the Forbes 500 list.

Related Topics:
Accounting scandal - 2002 - Forbes 500

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BMS is known partially for the fact that Lance Armstrong has appeared in several of the company's marketing campaigns. This is due to the fact that the company helped to combat Armstrong's testicular cancer.

Related Topics:
Lance Armstrong - Testicular cancer

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BMS is one of the Top 10 companies for working mothers according to Working Mother Media.

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