Executive profile: Ted Schroeder.Twenty-two years ago, Ted Schroeder Frederick ("Ted") Rudolph Schroeder (July 20, 1921 – May 26, 2006) was an American tennis player who won the two most prestigious amateur tennis titles, Wimbledon and the United States Open. was a sales rep for Bristol-Myers Squibb Bristol-Myers Squibb (NYSE: BMY), colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company, founded in 1887 by William McLaren Bristol and John Ripley Myers in Clinton, NY (both were , selling an injectable in·ject·a·ble adj. Capable of being injected. Used of a drug. n. A drug or medicine that can be injected. antibiotic. Now he's developing one. The president and chief executive officer of Cadence Pharmaceuticals Inc. co-founded the business in early 2004. "We realized there was a large appetite among venture investors to back a hospital-focused pharmaceutical company," said Schroeder. By July of the same year, Cadence cemented its first product acquisition and the financing to support it, Schroeder says. "We focus on hospitals as a channel of distribution, which gives us flexibility to optimize the sales force as we develop," said Schroeder. Within 27 months, Cadence went public, and experienced a growth that Schroeder describes as explosive--but the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. says he still stays balanced. "I love classical music. My first major in college was music, so I play piano," said Schroeder. A "Jersey boy," Schroeder is a Bruce Springsteen fan with 20,000 songs on his iPod, including jazz, classical and maybe one or two country songs. BUSINESS PHILOSOPHY Essential business philosophy: My essential business philosophy is to hire great people who are highly accountable. Best way to keep a competitive edge: Create a positive corporate culture. Our values are performance, respect, integrity and transparency. Guiding principles: All great ventures begin with a solid strategy. Then you need confident execution. Yardsticks for success: In my personal life it's about the happiness of my family. Professionally, it's about delivering on promises. Goals yet to be achieved: To complete two development programs on time, submit to the Food and Drug Administration and gain approval to market. JUDGMENT CALLS Best business decision: To aggressively pursue the acquisition of intravenous acetaminophen acetaminophen (əsēt'əmĭn`əfĭn), an analgesic and fever-reducing medicine similar in effect to aspirin. It is an active ingredient in many over-the-counter medicines, including Tylenol and Midol. from Bristol-Myers Squibb. Worst business decision: Keeping a senior leader in place well after it was obvious that this person did not exemplify our core values. Toughest business decision: Those decisions that directly impact people always are the hardest. When you disrupt people's lives out of business necessity you need to carefully weigh the impact. Biggest missed opportunity: Qualcomm Inc.--I never owned the stock. Shame on me. Mentor: Cam Garner (co-founder of Cadence, and current chief financial officer). Word that describes you: Focused. TRUE CONFESSIONS True Confessions was a magazine published by Fawcett Publications, beginning in 1922. With a cover price of 25 cents, the front cover of the October, 1922, issue heralded, "Our Thousand Dollar Prize Winner—'All Hell Broke Loose'. What you like best about your job: Building the company. What you like least about your job: The tendency of folks to not push back when the CEO makes a suggestion or comment. Pet peeve pet peeve n. Informal Something about which one frequently complains; a particular personal vexation. Noun 1. pet peeve - an opportunity for complaint that is seldom missed; "grammatical mistakes are his pet peeve" : The blame game. Most important lesson learned: Meet people where they are. People most interested in meeting: Those Google guys, Larry Page For the music producer/manager, see . Lawrence Edward "Larry" Page (born March 26 1973 in Lansing, Michigan) is an American entrepreneur who co-founded the Google internet search engine, now Google Inc., with Sergey Brin. and Sergey Brin. Three greatest passions: My family, Cadence and music. First choice for a new career: Probably some sort of management coaching. PREDILECTIONS Favorite quote: "Don't let the perfect become the enemy of the good." Most influential book: "The Book of Mormon Book of Mormon supplementary bible of the Latter-Day Saints. [Am. Hist.: Payton, 455] See : Writings, Sacred ." Favorite status symbol: Fine watches. Favorite restaurant: Donovan's. Favorite place for business meetings: Estancia es·tan·cia n. A large estate or cattle ranch in Spanish America. [Spanish, room, enclosure, country estate, from Vulgar Latin *stantia, something standing, from Latin . Favorite vacation spot: Hawaii. Favorite way to spend time: Exercising, I love the 5:45 a.m. spin class at the Pacific Athletic Club. RESUME Name: Ted Schroeder. Company: Cadence Pharmaceuticals Inc. Titles: President and CEO. Education: Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies , Rutgers University. Birthplace: New Jersey. Age: 52. Current residence: San Diego (Carmel Valley). Family: Married, wife, Cindy; three children, Maegen, Ted and Jessica; one grandchild, Carter |
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