Word: tobacco
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Dates: during 1980-1989
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Harvard officials said this week that the University will take on a new role with RJR-Nabisco, the tobacco and consumer goods company recently taken over by Kohlberg, Kravis, Roberts and Company in the largest leveraged buyout ever...
...stream of well-chewed Red Man tobacco -- a replacement for his three-pack- a-day cigarette habit -- arcs expertly toward a barely visible target about four feet away. "Right there," he says. "Bull's-eye." It is the last day of 1988. In three weeks James Addison Baker III will become America's next Secretary of State...
Stopping this clandestine trade is almost impossible for agents of the Treasury Department's Bureau of Alcohol, Tobacco and Firearms. The weapons are transported by car or truck, aboard trains or stashed in the cargo hold of interstate buses and planes. Federal agents even uncovered one shipment sent by United Parcel Service and labeled "sewing-machine parts." Most of the time they move unimpeded by the kinds of inspections imposed on shipments from outside the U.S. Until more uniformity can be established among state gun laws, gun smuggling on the interstates will remain a flourishing trade...
Critics fault the Harvard Management Corporation (HMC) for contributing $20 to $40 million to a limited partnership of 70 investors whose funds were used in the $24.3 billion buyout of food and tobacco giant RJR Nabisco last November...
...most sensational charge in J.A.M.A. is contained in a letter from researchers who claim that Premier, a cigarette-size cylinder that heats tobacco rather than burns it, can be used to smoke crack, the cocaine derivative. That one has lit a fuse at RJR. Last week research head G. Robert Di Marco attacked the accusations in J.A.M.A. as "distortions to further the political goals of its parent organization...