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B&L eying $50 mil. cost cuts as part of three-year plan directed by Exec VP Carpenter.

This article was originally published in The Gray Sheet

Executive Summary

BAUSCH & LOMB EXEC VP CARPENTER TO OVERSEE $50 MIL. COST REDUCTION PROGRAM designed to "promote strong earnings recovery during 1996," the company says. B&L announced Dec. 7 that it has given William Carpenter, an executive VP and manager of its global eyewear business, responsibility for global operations of its three core businesses -- contact lenses, lens care products, and eyewear.
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