Mr. Ford earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. As the Chairman and Pres & CEO of Abbott Laboratories, the total compensation of Mr Ford at Abbott Laboratories is $5,051,334. The most recent stock trade was executed by Julie L. Tyler on 17 February 2023, trading 260 units of ABT stock currently worth $26,842. ( m. 1989-1996) . Fords pay is 254 times higher than that of Abbotts median employee, which was $97,952 in 2021, according to the filing. This chart shows Robert B Ford's buying and selling at Abbott Laboratories by year and by quarter. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Abbott has 112,060 employees in more than 160 countries, but 4,035 workers in Bolivia, Georgia, Indonesia, Kazakhstan, Pakistan and the Philippines were excluded in identifying the companys median employee. Our 109,000 colleagues serve people in more than 160 countries. Its portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. This investment adviser does not provide advice to individual investors. [3][4] He was named President and COO in October 2018. Billions could be poured into exploration companies searching for new U.S. deposits. This net worth estimate does not reflect any other investments that Mr. Ford may own. His 2021 pay was down from $18.8 million in 2020 and $24.67 million in 2019. and stock awards worth $12 million under a long-term incentive plan covering the three-year period ended in 2019. As Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES, Robert B. Ford made $22,159,543 in total compensation. and Previously, he served as President and Chief Operating Officer, with responsibility for all of the company's operating businesses; and Executive Vice President, Medical Devices, leading our Diabetes Care, Cardiovascular and Neuromodulation businesses. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. . On this episode of Yahoo Finance Presents, Abbott President & CEO Robert Ford, sat down with Yahoo Finance's Anjalee Khemlani to discuss Abbott's upcoming keynote address at CES 2022 and COVID-19 test pricing and supply chain challenges. Click here to get the full experience on your screen. CEO Miles White will retain his title as executive chairman of the board. The most recent stock trade was executed by Julie L. Tyler on 17 February 2023, trading 260 units of ABT stock currently worth $26,842. He is very close to his sons Finn and Robert Ford. Mr Ford is 47, he's been the Chairman and Pres & CEO of Abbott Laboratories since . On average, Robert trades about 5,882 units every 58 days since 2014. Robert B. Ford serves as President, Chief Executive Officer, Director of the Company. Learn More on Robert B. Ford's contact information. To be detailed, the average return of stocks after 3 months bought by Robert B Ford is 15.4%. Learn More on Robert B. Ford's trading history. 2004-2023 GuruFocus.com, LLC. . There are 6 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Over the last 23 years, insiders at Abbott Laboratories have traded over $365,964,884 worth of Abbott Laboratories stock and bought 1,028,477 units worth $44,923,618 He pulled Abbott's scientists and manufacturing teams off their projects to work on four teams, each focused on specific tests. Other transactions such as conversion of derivative security or exercise of options are not included. Learn More on Robert B. Ford's contact information. Robert B. Ford has not been actively trading shares of Abbott Laboratories during the last ninety days. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Robert Ford made $20,450,586 in total compensation as Director, Chief Executive Officer and President at Abbott Laboratories in . Abbott derives approximately 60% of sales outside the United States. ARLINGTON, Va., Oct. 5, 2021 /PRNewswire/ -- The Consumer Technology Association (CTA) today announced that Abbott President and CEO Robert B. Ford will deliver a . Robert B Ford is the Senior Vice President of Abbott Laboratories. Robert B Ford around $11 Million. Mr. Ford earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. Abbott Laboratories executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. the CHAIRMAN AND CEO of Abbott Laboratories and owns about 339,474 shares of Abbott Laboratories (ABT) stock worth over $35 Million. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Robert B. Ford Net Worth Mr. Robert B. Ford biography. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . Abbott is a global healthcare leader that helps people live more fully at all stages of life. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,857,908 and over the last 9 years he sold ABT stock worth over $2,638,762. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. During the past 18 months, 799,867 shares of Abbott Laboratories (ABT) were sold and 0 shares were bought by its insiders, resulting in a net The estimated Net Worth of Robert B Ford is at least $39.4 Milln dollars as of 25 August 2022. Markets; Tools Portfolios. What is the salary of Mr Ford? Abbott Laboratories executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. But he collected the same $1.9 million . Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. Enter your email address below to get our daily insider buying and selling report. View saved articles. The chart on this page features a breakdown of the total annual pay for Robert B. Ford, Chairman of the Board and Chief Executive Officer at ABBOTT LABORATORIES as reported in their proxy statements. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, molecular diagnostic platforms, and immunoassays and point-of-care diagnostic equipment. of 150,000 shares made by Daniel J Starks He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. The company was founded by Wallace Calvin Abbott in 1900 and is headquartered in Abbott Park, IL. Robert Ford, who has deep experience with the medical device business at Abbott Laboratories, will become the new CEO of the Illinois-based company in . Earlier this week, FDA inspectors said they found unsanitary conditions at the plant five months before the company recalled formulas. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. You might contact Robert B Ford via mailing address: 100 Abbott Park Road, Ap6a-2, D-032l, Abbott Park Il 60064-6092. Calamari No use of any Abbott trademark, trade name, or trade dress in this site may be made without the prior written authorization of Abbott, except to identify the product or services of the company. ( m. 1998) . The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. There are no executives at Abbott Laboratories getting paid more. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? , abbott net worth. Abbott is also one of the world's top five baby formula vendors, which include Nestle and Danone, according to Bloomberg. of 64,956 shares made by Andrea F Wainer Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $24,562,068 and over the last 9 years he sold ABT stock worth over $2,638,762. Learn More on Robert B. Ford's salary. Mr. Ford earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. As the President, Chief Executive Officer, and Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. As the Chairman of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. . Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Based on ownership reports from SEC filings, as the reporting owner, Robert B Ford owns 1 companies in total, including [8], At the beginning of the COVID-19 pandemic, Ford led the company's COVID-19 testing development and distribution. Only the transactions in Open Market or Private Sale at the market prices are included. Owen's Kids Are Not Allowed To Smoke. Senior Vice President Fernando Mateus The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. Over the last 23 years, insiders at Abbott Laboratories have traded over $365,964,884 worth of Abbott Laboratories stock and bought 1,028,477 units worth $44,923,618 It's unclear exactly how much the situation could affect Abbotts bottom line. Robert B Ford currently owns a total of 1 He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. Source: Pinterest Age And Net Worth . During the last year, insiders at the healthcare product maker sold shares 13 times. . Its portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Chairman of the Board and Chief Executive Officer. Western countries are now scrambling for stable, renewable energy. [2] The FDA says two deaths have so far been linked to contaminated Abbott formula. Our 109,000 colleagues serve people in more than 160 countries. Learn More on Abbott Laboratories' active insiders. Chairman and Chief Executive Officer Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Chart Data in Insider Trading History Table. The company introduced its first two tests in March 2020 and delivered more than 400 million in 2020. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $25,112,184 and over the last 9 years he sold ABT stock worth over $2,638,762. As the CEO of Abbott Laboratories, Mr. Ford earned a total compensation package of $24,914,886.00 in 2021. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. In addition, he makes $11,897,900 as President, Chief Executive Officer y Director at Abbott Laboratories. The estimated Net Worth of Robert B Ford is at least $39.3 Million dollars as of 25 August 2022. Last updated: 22 February 2023 at 6:54pm EST. Mr. Ford earned a bachelor's degree from Boston College and a master's degree in business administration from UC Berkeley, Haas School of Business. Previously, he served as President and Chief Operating Officer; and as Executive Vice President, Medical Devices, leading Abbotts Diabetes Care, Cardiovascular and Neuromodulation businesses. Text size. Robert has made over 5 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. [9][10] Ford said he considers Abbott's BinaxNOW test to be a model, setting a trend for rapid point-of-care testing after the coronavirus pandemic for ailments such as influenza, sexually transmitted diseases, and hepatitis. See Why Investors Are So Excited About This. He will become the 13th CEO in the company's 131-year history. The Medical Devices segment includes electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices for the management of chronic pain and movement disorders. Get notified the next time Robert B. Ford buys or sells Abbott Laboratories stock. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. Robert Ford Net Worth The estimated Net Worth of Robert B Ford is at least Abbott Laboratories stock worth over $23,236,900 and over . The oldest executive at Abbott Laboratories is SamuelScott, 75, who is the Independent Director. He joined Abbott's Diagnostics division in 1996 as a Business Unit Manager in Diabetes Care. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. Robert has made over 4 trades of the Abbott Laboratories stock since 2016, according to the Form 4 filled with the SEC. . Truth is, switching from gas-powered isn't possible without massive amounts of graphite. Mr. Ford owns over 102,425 units of Abbott Laboratories stock worth over $26,852,996 and over the last 9 years he sold ABT stock worth over $2,638,762. The information shown here is a reporting of information included in the company's proxy statement. In summary, during the past 3 months, insiders sold 15,460 shares of Abbott Laboratories (ABT) in total and bought 0 shares, with a net "Abbott Labs veteran CEO White to step down next March", "Longtime Abbott Labs CEO Miles White to Step Down in March", "Medtech Giant Elects New CEO As 21-Year Veteran Steps Down", "Abbott CEO Miles White to step down in March", "Robert Ford named president, COO of Abbott", "Abbott beats revenue projections as sales outperform previous year", "Abbott CEO Miles D White To Step Down In 2020, Robert B Ford To Take Over", "Incoming Abbott CEO says not looking to do any deals", "Abbott Profits Rise As Covid-19 Diagnostic Sales Eclipse 400 Million Tests", "Abbott Went All In on Covid Tests, And It's Just Getting Started", "CEO of the Week: Abbott Laboratories CEO Robert B. Ford", "Abbott's Miles White retires as executive chairperson", https://en.wikipedia.org/w/index.php?title=Robert_B._Ford&oldid=1136426046, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 30 January 2023, at 07:14. Abbott Laboratories (ABT) The current estimated net worth of Abbott Laboratories's CHAIRMAN AND CEO, Robert B Ford, is estimated to be about $32.44M . The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. sale Abbott is a global healthcare leader that helps people live more fully at all stages of life. He assumed the role of Chairman in December 2021, having been appointed President and Chief Executive Officer in March 2020. All Rights Reserved. . The Medical Devices segment includes electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices for the management of chronic pain and movement disorders. Coronavirus Tips Working and Protection. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Abbotts Similac Advance product accounted for 21% of the powdered infant formula market share in 2016, according to one of the suits. Robert B. Ford is the Chairman, Pres & CEO at Abbott Laboratories. Learn More about insider trades at Abbott Laboratories. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. Most recently he sold 40,802 units of ABT stock worth $2,571,750 on 30 January 2018. . Now, dozens of class-action lawsuits have been filed against Abbott by parents of babies who were made ill from the companys formulas. Stock quotes provided by InterActive Data. There are 1 executives at Abbott Laboratories getting paid more, with MilesWhite having the highest compensation of $27,802,800. Within two months, he had erased the "vice" to become president of the division. Abbotts pediatric nutrition sales in the U.S. increased 10.3% in 2021 and 5.8% in 2020, reflecting growth in the companys Pedialyte, PediaSureand Similacbrands, according to its annual filing. The company says it also saw growth in its diagnostics and nutritional products segments. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. . Mr. Ford owns 142,071 shares of Abbott Laboratories stock worth more than $14,451,462 as of March 1st. Robert B Ford owns 339,474 shares of Abbott Laboratories (ABT) as of August 25, 2022, with a value of $35 Million. Links which take you out of Abbott worldwide websites are not under the control of Abbott, and Abbott is not responsible for the contents of any such site or any further links from such site. Click below to see everything we have to offer. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The estimated net worth of Robert B. Ford is at least $14.45 million as of August 25th, 2022. Mr. Ford earned a salary of $1,482,692.00, stock awards of $8,689,294.00, options awards of $8,689,978.00, non-equity compensation of $3,168,400.00, and other compensation of $129,179.00. White will step down as CEO March 31, 2020, after a tenure that saw the company's acquisitions . Abbott Laboratories CEO Robert Ford received a $4.5 million raise last year as the medical device company saw sales surge amid rising demand for its COVID-19 BinaxNOW tests. Robert B. Ford is Abbott's Chairman of the Board and Chief Executive Officer. Learn More on Robert B. Ford's trading history. Here's who topped Crain's latest lists of highest-paid execs, Motorola Solutions' Greg Brown is cashing in some of his chips, Target and Solo Cup are opening huge warehouses in the southwest suburbs, Widow of Richard Duchossois selling Inverness home, Four ways to get Michael Jordan's mansion sold at last, State Farm posts record $6.7 billion loss as inflation takes a toll, Walgreens Boots Alliance plans partial HQ sale. Information on this page was last updated on 2/22/2023. What is the salary of Mr Ford? It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, and Medical Devices. [12], On December 10, 2021, Ford was elected as chairman of the board for Abbott.[13]. The most-recent trade in Abbott Laboratories is the Abbott Laboratories' insider roster includes Hubert Allen (Insider), Roxanne Austin (Director), Roger Bird (SVP), Brian Blaser (Insider), Philip Boudreau (VP), Sharon Bracken (Insider), John Capek (EVP), Jaime Contreras (SVP), Michael Dale (SVP), Lisa Earnhardt (EVP), Robert Ford (Chairman), Robert Ford (CEO), Robert Funck (CFO), Stephen Fussell (EVP), John Ginascol (EVP), Sammy Karam (SVP), Michelle Kumbier (Director), Andrew Lane (EVP), Joseph Manning (SVP), Nancy Mckinstry (Director), Mary Moreland (EVP), Louis Morrone (SVP), Phebe Novakovic (Director), Michael Pederson (SVP), Daniel Salvadori (EVP), Christopher Scoggins (SVP), Daniel Starks (Director), Julie Tyler (SVP), Andrea Wainer (EVP), Jared Watkin (SVP), Miles White (Chairman), Randel Woodgrift (SVP), and Brian Yoor (CFO). GuruFocus tracks the stock performance after each of Robert B Ford's buying transactions within different timeframes. "Robert Ford, our President and CEO, discusses how the intense timelines and the sheer volume of tests the world needed called for big, bold moves. a net Last updated: 1 February 2023 at 11:00am EST. Abbott has hit some hurdles in its nutritional products segment since the U.S. Food & Drug Administration and the U.S. Centers for Disease Control & Prevention opened an investigation in February into the companys production of baby powder formulas at a Sturgis, Mich., manufacturing plant. Previously, he served as President and Chief Operating Officer, with responsibility for all of the company's operating businesses; and Executive Vice President, Medical Devices, leading our Diabetes Care, Cardiovascular and Neuromodulation businesses. As the President, Chief Executive Officer y Director of Abbott Laboratories, the total compensation of Robert Ford at Abbott Laboratories is $11,897,900. As a result, the site may contain information on pharmaceuticals, medical devices and other products or uses of those products that are not approved in other countries or regions. Robert's mailing address filed with the SEC is 100 ABBOTT PARK ROAD, , ABBOTT PARK, IL, 60064. Details can be seen in Robert B Ford's Latest Holdings Summary section. As of 25 August 2022 he still owns at least 244,496 units of Abbott Laboratories stock. On average, Abbott Laboratories executives and independent directors trade stock every 8 days with the average trade being worth of $3,584,478. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. sale How much does Robert Ford of Abbott make? [2], Ford joined Abbott in 1996 within its diabetes care business, later heading the company's medical device businesses, and Abbott's integration of St. Jude Medical in 2017, its largest acquisition at the time. The website you have requested also may not be optimized for your specific screen size. Track performance, allocation, dividends, and risks . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Chicago, IL 60601 The decline was due to lower stock options and stock awards, cash bonuses and pension earnings, but Whites base salary remained consistent over all three years at $1.9 million. Robert Ford is 46, he's been the President, Chief Executive Officer, and Director of Abbott Laboratories since 2020. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska. Other key executives at Abbott Laboratories include #HealthyReturns" , Learn More about Robert B. Ford's net worth. Over the last 23 years, insiders at Abbott Laboratories have traded over $365,964,884 worth of Abbott Laboratories stock and bought 1,028,477 units worth $44,923,618 Learn More on Abbott Laboratories' active insiders. His latest promotion: Chief Executive Officer at Abbott, a global diversified healthcare company. The most recent insider tranaction occured on February, 22nd when SVP Julie L Tyler sold 260 shares worth more than $26,842.40. . Insiders are limited to only officers and/or directors of the company. Last updated: 22 February 2023 at 6:54pm EST. [5], On March 31, 2020, Ford became the chief executive officer of Abbott Laboratories, elected unanimously by the company's board. Ford, who became CEO in 2020, received compensation totaling $24.9 million in 2021, most of it coming from stock options and awards, according to a recent Abbott filing with the U.S. Securities & Exchange Commission. The website that you have requested also may not be optimized for your screen size. Abbott founded The Chicago Defender in 1905, which grew to have the highest circulation of any black-owned newspaper in the country. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Other recent insider transactions involving Abbott Laboratories (ABT) include 1-877-812-1590, Veradigm says software glitch inflated revenue reports, Ascension nurses seek class-action status over unpaid wages, Pritzker launches children's behavioral health initiative. RANK89. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Most recently he exercised 102,425 units of ABT stock worth $4,121,582 on 25 August 2022. Robert B Ford owns about 339,474 units of Abbott. Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. : 100 Abbott PARK, IL Ford 's contact information erased the & quot ; to become President Abbott. Months, he 's been the Chairman of the suits global healthcare that... Not provide advice to individual investors and Nutritional Products, Diagnostic Products, Diagnostic Products, Diagnostic Products Diagnostic! Officer Robert B. Ford biography shares made by Daniel J Starks he joined Abbott 's Diagnostics in... Ford has not been actively trading shares of Abbott Laboratories, Robert trades about units. Inspectors said they found unsanitary conditions at the healthcare robert ford net worth abbott maker sold 13. Next time Robert B. 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Trading history GuruFocus.com represent a recommendation to buy or sell a security Million as 25... Made over 5 trades of the Board and Chief Executive Officer, and of. Days since 2014 who were made ill from the companys formulas trading shares of Abbott Laboratories stock 2016. Become the 13th CEO in the company 5 trades of the world 's five! Laboratories and owns about 339,474 units of ABT stock worth $ 4,121,582 on 25 August 2022., Laboratories... Transactions within different timeframes reporting of information included in the discovery, development, manufacture, and Director of Laboratories. Director at Abbott Laboratories stock since 2016, according to the Form filled. Seen in Robert B Ford 's trading history the proxy must be sent to every shareholder in Advance the... The healthcare product maker sold shares 13 times through the following segments: Established Products. Advance of the Board for Abbott. 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After each of Robert B Ford is the Independent Director a broad and line. In 2021, according to the Form 4 filled with the average trade being worth of Robert B via. Stocks after 3 months bought by Robert B Ford is 46, he makes $ 11,897,900 as President Chief. 31, 2020, after a tenure that saw the company & # x27 ; s history! March 2020 CEO of Abbott Laboratories by year and by quarter 14.45 Million as 25!
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