Chairman Ceo And President of Amgen 1980 1988 Oral History Transcript 200

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Chairman Ceo And President of Amgen 1980 1988 Oral History Transcript 200
George B Rathmann
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A very junior not a very nice term but a relatively junior partner, in feet I doubt if he was a partner at that time, Gary [Shaher?], was then 32 given to me to work out the details of what we should put in the offering memorandum. Arthur Young was willing to go this far, that they would be our auditors. But even to say just that, they had to audit everything we had done up until that time, which was largely shoeboxes full of checkbooks. In the audit that they did, they couldn t reconcile it by... about forty thousand dollars. It turned out that two deposits had been written as checks cashed. So, it was actually a forty-thousand-dollar swing. It took him a long time to sort this out. So he worked over these shoeboxes, and came up with the idea that we were very clean and everything was fine. Then Arthur Young would sign off, and we then had our auditors. The only statement was that they would probably be our auditors or they were intending to be our auditors, or some carefully hedged statement.

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