Financial Executive, December 1st, 2004
To any new non-finance employee, the concept of a company's "free cash flow" may sound more than a little daunting. But at Ethicon, one of the oldest and most profitable business units of Johnson & Johnson Co., the belief is that a little financial education goes a long way toward keeping the business healthy.
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"Every decision an employee makes can affect our P & L," notes Dave Heckler, a senior financial analyst at Ethicon, which develops surgical and wound-care products. "We want everyone to understand how daily operations in our plants impact profits and how Ethico...
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