John Putnam
John Putnam
John Francis Putnamwas the art director and designer of Mad from 1954 to 1980. "Until John came to us, Mad was just a comic book," said publisher Bill Gaines following Putnam's death. "He joined Mad as a $75 a week temporary employee, and was the oldest member of the staff both in terms of age and time with the magazine."...
paid until
They paid an egregious amount. There's going to be dilution until 2010.
surprised walked
I wouldn't be surprised if they walked away.
claiming clearly egos happy material
Clearly there are egos involved. Clearly (Guidant) couldn't have been happy when J&J lowered their bid, claiming there had been a material change.
admission concession damaged price trying
I think that's an admission that they're trying to renegotiate the price or get some kind of concession for what is damaged property,
breakup fee money pay picking reality somebody walking whatever
The reality is, J&J probably doesn't care, ... It has the money to pay whatever breakup fee is involved. I don't see somebody else walking in here and picking up Guidant.