Word: morrision
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Dates: during 1990-1999
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Tobacco execs no doubt expected some piling on. And I'm all for Philip Morris and its peers paying through the nose if they are to negotiate away their legal woes. But there are limits to how much they can cough up. A payment so large that it cripples the...
JACKSONVILLE, Florida: Tobacco stocks soared minutes after a Florida jury found R.J. Reynolds not responsible for the death of lifelong smoker Jean Connor. Just thirty minutes after the verdict was announced, giants Philip Morris and RJR Nabisco had gained a whopping ten percent in value. Nervous investors had shunned tobacco...
When they did, Philip Morris boss Geoffrey Bible and RJR chief Steven Goldstone, who attended the first meeting held near Washington on April 3, put on the table some remarkable concessions: sweeping curbs on sales and marketing practices, and the payment of hundreds of billions of dollars in compensation. But...
The industry has the wherewithal to raise $300 billion, the highest figure yet floated, payable over 25 years, to compensate plaintiffs for smoking-related ailments. Together, market leader Philip Morris and No. 2 Reynolds command a 72% share of the $45 billion U.S. tobacco industry. Cynics noted that demand for...
DIED. JOHN LANDRY, 73, Philip Morris marketing executive who spurred the Marlboro Man into a galloping ad success; of cancer; in Bronxville, New York. A Thoroughbred enthusiast, he founded the Marlboro Cup, a leading stakes race that folded in 1987. DIED. CHAIM HERZOG, 78, urbane, articulate former President of Israel...