Word: tobacco
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...moved through one marathon session after the next, taking the talks on the road from New York City to Chicago to Washington. Almost from Day One, the talks threatened to break up over any one of the three most contentious issues: punitive damages, document disclosure and government oversight of tobacco products. The first signs of serious trouble struck April 21, when Manhattan attorney Herbert Wachtell, leading the squadron of tobacco-company lawyers, demanded, "There has to be an end to the vilification." When Harshbarger calmly responded that there would be no blanket immunity for tobacco interests, recalls a participant...
...week was Minnesota's Hubert Humphrey III, who argued that his colleagues were pushing too quickly for a settlement. (And they in turn accused him of grandstanding.) "They're trying to rush this through before we realize we've had our pockets picked," Humphrey said at midweek. He claimed tobacco could pay more than twice the agreed-upon amount, or some $800 billion over the next quarter-century, without putting a dent in overseas profits, stock dividends or executive perks...
...lawyer--RJR's CEO Steven Goldstone, who before taking over the company was its general counsel and a litigator at the New York law firm of Davis Polk & Wardwell. Negotiated settlements were not unknown to him, and Moore had made it clear that the talks could not proceed without tobacco's top officers. Goldstone soon persuaded Philip Morris CEO Geoffrey Bible to have a sit-down with the opposition...
...public-health court, the American Lung Association reacted loudly. It opposes any limits on individual lawsuits or class actions, and expressed particular skepticism about the settlement's prohibitions on youth-oriented advertising. "The ability of the tobacco industry to reinvent itself and circumvent such restrictions," said Lung Association CEO John Garrison, "is remarkable...
...began quietly 30 years ago--with a handful of scientists who were concerned about the potential health consequences of smoke and a handful of nonsmokers who were bothered by the constant haze of smoke in their eyes--last week proved that it has achieved enough muscle to bring the tobacco industry to its knees. If the long-lasting cultural parade of Joe Camel and Marlboro Men and cigarette-waving screen stars is not yet quite over, the celebratory band, at least, has most certainly passed...