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Later in the year, a third Johnson brother, Robert Wood Johnson, joined the Company. It was Robert, who had heard Sir Joseph Lister's theories of germs, who believed in the need to develop sterile dressings.
On October 28th 1887, Johnson & Johnson was incorporated with an authorized capital stock of $100,000, which was held by Robert (40%) James (30%) and Edward Mead (30%) Johnson. The stock was held by the family until 1944, when it began public trading on the New York Stock Exchange. In 1888, the rapidly expanding company now totaled 125 employees and 35,000 square feet of factory space.
After including talcum powder with some medicinal plasters, Johnson & Johnson entered the field of baby products when mothers had discovered the soothing effects the powder had on their babies in 1990...
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