SUBJECT: Summary Booklet, Conflict of Interest March 21, 1976 You may recall that our June 18, 1976 memorandum to all employees on the From a The information contained in the booklet is utilized by our Conflict of Therefore, I am providing a copy of our Conflict of Interest Staff's In developing this summary report a contract was awarded to an independent You will note that the report contains five columns of information which are described as follows: First column - Name of firm. (Some firms are identified by their initials such as CPC Int'l Inc. for Corn Products Corporation, or RCA Corp for Radio Corporation of America. Also, note that the list does not identify subsidiaries such as Armour Laboratories which is a part of Greyhound Corporation, but rather is limited to those firms in which stock may be purchased.) Second column Date of firm's data as provided by FDA's contractor for inclusion in report. Any employee able to provide more current data is requested to do so. Third column Total annual sales of the firm (Expressed in $100,000). Fourth column - The percentage of the annual sales which occur in products regulated by FDA. When a firm's annual sales reaches 10% or more, the firm becomes a prohibited financial interest for a control activity employee. (NAX indicates the company's total percentage is not available.) Fifth column restricted). Abbreviation: "P" = (permissible), "R" = (prohibited or While these reports will be updated quarterly and distributed on that basis, there may be instances in which an employee may wish to obtain more current information from a firm. This is particularly important when a firm is hovering around the 10% mark and/or is one that is active in acquiring or divesting subsidiary companies. In all instances, the most current information will be used and the next summary report will reflect that information. Let me stress again that I am distributing this information to you in order that it may be made available to our employees. It is my sincere hope that our employees will use this information to evaluate their position with respect to our conflict of interest regulations and take appropriate action to promptly divest of any prohibited holdings. Should there be any questions regarding this information, please feel free to contact the Policy Management Staff's Conflict of Interest Officer on 8-443-3130. Gerald F. Meyer HOW TO USE THIS REPORT The following information is furnished to assist you in the use of this report. Each column has specific information which can be determined from the following examples: An * means the percentage shown includes an amount of non-FDA regulated products or services. This amount does not affect the list assignment. A+ sign indicates that certain amounts of FDA regulated products or services are not included in the percentage shown. This amount does 'not affect the list assignment: A indicates a combination of * and +. The letter X signifies that percentage calculations are not possible.due to the product line reporting practices of the company. List assignment was made by analytical staff, and attempts to ascertain definitive product line breakdowns for the company continue. The letters NA indicate that the firm does not make detailed information available. |