An air of mystery surrounds the abrupt resignation of Biogen chief

Article Abstract:

Executives at the Cambridge, Mass.-based Biogen Inc. insist that James R. Tobin's unexpected resignation is due to personal reasons only and not anything to do with the company. Tobin left his president, CEO and board seat on Tuesday, 12/22/98, effective immediately, posts he held since only 1997. The firm's chairman, James L. Vincent, will pick up those reins for now. Since the resignation was voluntary, there will be no severance pay, but Tobin's stock options could come to more than $40 million.

Comment:

CEO James R. Tobin resigned abruptly

Biological Product (except Diagnostic) Manufacturing, Executive changes & profiles, Drugs, Biological Products, Care and treatment, Officials and employees, Pharmaceutical industry, Multiple sclerosis, Biogen Inc., BGEN

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Feature film to be produced for release on Web; a film maker with a track record embraces the theater of the Net

Article Abstract:

Metafilmics, the company that produced the visual effects Academy Award winning motion picture,"What Dreams May Come," is producing "The Quantum Project," for initial distribution on the Internet. The motion picture will be distributed by the Web site Sightsound.com and is scheduled to be available next May. A downloading fee based on the length of time that customers want access to the movie will be charged.

Motion picture and tape distribution, Motion Picture Distribution, Motion Picture and Video Distribution, Services, Motion picture industry, Movie industry, Movie distribution, World Wide Web, Internet/Web technology, Multimedia technology, Multimedia systems, Metafilmics

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