Word: tobacco
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...involvement with outside LBOs and venture capital firms has also come into question, particularly after one of the partnerships--Wall Street-based Kohlberg, Kravis, Roberts and Company--took over tobacco and consumer goods producer RJR-Nabisco at a time when the University was questioning its public investments in the company...
With the score of Saturday night's Harvard-Brown men's basketball game 42-32 at halftime, Harvard Coach Roby was in trouble. In football, a lost headset or clipboard can spell disaster for a coach. In baseball, stolen chewing tobacco always spells doom. But Harvard had lost this season's secret weapon: the second half...
...cigarette consumption has fallen in the U.S., tobacco companies have increasingly directed their marketing to specific groups, such as women, Hispanics and blacks. While 30.5% of white males smoke, 39% of blacks do. Uptown was carefully researched and designed: everything from its name to its packaging was tailored to the tastes of the black consumer. "If we were Sears developing a line of clothing for blacks," says a Reynolds spokeswoman, "this would pass without any notice...
...appreciate the protest. Civil rights activist Benjamin Hooks sees it as a form of paternalism. "Buried in this line of thinking," he wrote recently, "is the rationale that blacks are not capable of making their own free choices." His comments reflect the reluctance of some black groups to attack tobacco companies, which have donated money to support events and causes ranging from jazz festivals to the United Negro College Fund...
Nonetheless, the Uptown controversy underscores a growing concern that big corporations have targeted minority communities as lucrative markets for such products as tobacco, liquor and even junk food. A survey in Baltimore found that 20% of billboard advertising in white communities was devoted to smoking and drinking. In black neighborhoods 76% of the billboards promoted such vices...