DRUGS: McKesson Leaves the Court

On Dec. 16, 1938, when President F. Donald Coster looked in his bathroom mirror and shot himself through the head, it was widely supposed that the $87,000,000 drug firm of McKesson & Robbins would die with him in all the bathrooms of the U. S. But this week, after 26 months in the bankruptcy courts, McKesson was ready to go back to its owners, and it was anything but dead. On the basis of de-Costerized accounting, its 1940 sales and profits were the best in its 108-year history.

For this remarkable comeback, credit belongs chiefly to two men. One...

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