Jabot Cosmetics (commonly referred to as simply Jabot) is a cosmetics business in Genoa City.
Profile[]
Jabot was founded by John Abbott sometime in the 1960's. Jabot is famous for selling expensive, high end cosmetics, as well as for its severe financial downturns. Its main headquarters were located in Genoa City, Wisconsin.
Jabot had a tumultuous history. In the early 1980's John considered following his son Jack Abbott's advice to sell Jabot but then changed his mind once he found out that the company offering to buy Jabot (Mergeron Enterprises) was owned by his ex-wife Dina Mergeron. A few years later Jabot had another shake up when, after finding out his son Jack was having an affair with his younger wife Jill Abbott, John disowned Jack and fired him from Jabot. John filed for divorce and, because he didn't want the facts about Jack and Jill's affair made public, John gave Jill a divorce settlement that included one quarter ownership of Jabot, an executive position worth $150,000 a year, and a seat on the Jabot Board of Directors.
John replaced Jack with John's new son-in-law Brad Carlton, who was a salesman up to that point. Jill and Brad started the Jabot Men's Line and made it into a success. But after a while the job became too much for Brad to handle and so John hired Jack back.
In 1990 Jack convinced John to go public with Jabot by selling shares of Jabot stock on the stock market. This backfired on Jack when his rival, Newman Enterprises, C.E.O. Victor Newman, bought enough shares to take over control of Jabot. Losing Jabot caused John to have a heart attack. Victor fired Jack and replaced him with Brad only because Victor and John were good friends. To get back at Victor, Jack married Victor's ex-wife Nikki Newman, before Victor could propose marriage to Nikki again.
Victor offered to give control of Jabot back to the Abbott family if Jack divorced Nikki. Even though Jack had fallen in love with Nikki, he accepted Victor's offer out of guilt and loyalty to John. But Victor used a loophole in the contract and voided the deal. Jack did however return to work at Jabot. After Nikki found out Jack chose Jabot over her she started divorce proceedings. But after Jack saved her daughter Victoria Newman's life and Nikki found out she was pregnant with his child, Nikki decided to stay with Jack.
Victor later married Jack's sister and Jabot's chemist Ashley Abbott.
A couple of years later Jack (with Brad) planned a hostile takeover of Newman Enterprises, but Victor found out about it. During a heated exchange Victor fired Jack and then collapsed. Jack walked over the top of Victor towards the door leaving him to die. But Jack used his better judgement and called 911, saving Victor's life.
Victor's Deaths[]
After confrontations with Ashley, Nikki and Victoria, Victor went on a trip to the country to get away from his problems. Victor was robbed and carjacked. The man who did it ended up dying in a car accident in Victor's car. Everyone back in Genoa City thought Victor was dead, so Jack used Victor's "death" to his advantage and took over control of Newman Enterprises. This also meant he controlled Jabot as well. Jack appointed Brad head of Newman Enterprises.
Months later Victor returned to Genoa City alive and well. Victor once again fired Jack for taking over control of Newman Enterprises and as a result John and Ashley resigned from Jabot. The Abbotts decided to create a new cosmetics company to rival Jabot. But because of Victor's interference, their loan application was denied and their plans were halted. Jack then promised to stay away from Jabot if Victor hired John and Ashley back. Eventually Jack returned to Jabot as well.
Many years later Victor was missing and was once again thought to be dead after his airplane crashed in New Mexico. Jack and Brad took over control of Newman Enterprises by changing spreadsheet numbers and packing the Newman Board of Directors with Jack's old flame and Victor's newest ex-wife Diane Jenkins and her lawyer Michael Baldwin. When Victor returned it was tougher for him to wrestle control of his company away from Jack and Brad this time.
The 1999 vote for C.E.O.(s) of Newman Enterprises:
- Jack Abbott- Himself and Brad Carlton
- Brad Carlton- Himself and Jack Abbott
- Jill Abbott- Victor Newman
- Neil Winters - Victor Newman
- Victoria Newman - Victor Newman
- Michael Baldwin- Jack Abbott and Brad Carlton
- Diane Jenkins- Jack Abbott and Brad Carlton
- Victor Newman- Himself
- Ashley Abbott- Abstained