Tuesday, May 15, 2007

Former CEO of Lilly Admits Prozac was Ineffective for Wife Who Committed Suicide

A snippet from a much longer article about Former Lilly CEO Randal Tobias, one of those tidbits that just jumps out at you. Note: The Bush Family has a long history of connections with the Eli Lilly company. There is a less sympathetic article here.

[Randal Tobias built] a respected career as a top executive who led AT&T through deregulation and stabilized drug-maker Eli Lilly and Co. after a stock plunge and regulatory problems. It also caught the eye of President Bush, who tapped the longtime GOP donor in 2003 to become his global AIDS coordinator and again in 2006 to direct U.S. foreign aid programs.

Tobias' abrupt resignation last month after his name surfaced in an investigation into a high-priced Washington escort service has made him the target of late-night TV jokes and left many of his friends trying to make sense of his role in Washington's latest sex scandal.

Tobias has kept a low profile since admitting he hired women from the Pamela Martin and Associates escort service to come to his Washington condo and give him massages.

But, on Saturday, he issued a statement, reflecting on the gratitude he and his wife feel for the support they have received and their thoughts about the future.

[...]

Tobias grew up in Remington, about 85 miles northwest of Indianapolis, the son of a banker and an elementary school teacher. In his book, "Put the Moose on the Table," he described his hometown as one where Ozzie and Harriett could well have lived next door and where values were instilled in him.

"I learned that when you make a commitment, you keep it. I learned that life's responsibilities include always trying to make things better as the world around you changes," he wrote.

After a stint in the Army, Tobias joined AT&T Corp., which he helped steer through the historic 1984 breakup of the Bell system.
He joined Lilly in 1993 and spent five years refocusing the drug company on its core pharmaceutical business, spinning off its medical devices unit and increasing its market value more than fivefold. [...]

Just seven months into his tenure at Lilly, his first wife, Marilyn, committed suicide. He later spoke candidly about her death and the fact that Lilly's blockbuster antidepressant, Prozac, couldn't help her.

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