Monsanto's Verfaillie sees bright biotech future
St. Louis Post - Dispatch, Rachel Melcer, 09/11/02: As head of Monsanto Co., Hendrik Verfaillie's second priority is to make a difference in St. Louis and the world. No. 1 is to continue making profits by selling pesticides, genetically modified seeds and biotechnology. But profits will follow if Monsanto is socially responsible and helps its community to grow, the chief executive said Tuesday during a speech for the dean's breakfast at St. Louis University's John Cook School of Business. Verfaillie said that creating a vibrant local business and social environment is key to attracting top researchers and other talent who, in turn, create new products, and devoting a share of company resources to addressing world hunger and environmental issues keeps employees excited and committed to their jobs, adding, "Every company goes through ups and downs. And when you go through a down period, it's very important that your people are motivated and believe in what they're doing. ... That's what's going to get you through."