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Butt Out Big Tobacco!. Inside the Philip Morris International Annual Meeting of the Shareholders. "It is important to know as much as possible about teenage smoking patterns and attitudes. Today's teenager is tomorrow's potential regular customer...“
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Butt Out Big Tobacco! Inside the Philip Morris International Annual Meeting of the Shareholders
"It is important to know as much as possible about teenage smoking patterns and attitudes. Today's teenager is tomorrow's potential regular customer...“ Philip Morris, 1981 Bates No. 1000390803
PMI History 1847- A tobacco shop opened up in London 1881- The company goes public as Philip Morris & Co. & Grunebaum 1919- American stockholders begin ownership and PM begins producing cigarettes in Richmond, VA 1967- PM Incorporated splits into: PM Domestic, PM International, and PM Industrial 1989- PMI income exceeds $1 billion 2003- PM becomes Altria, Inc. to hide from their past 2008- PMI spins off from Altria to expand more aggressively in developing countries
What is PMI doing? • Litigation • Opposing the health warnings on cigarettes in Uruguay • Government Partnerships • Signed an agreement with the EU that provides PMI with customs information • Front Groups • Alliance of Australian Retailers • International Tobacco Growers Association • Corporate Social Responsibility • Using natural disasters to promote brands in Indonesia • Advertising • Targeting youth through sponsoring concerts in Argentina
Quick Stats $11.2 Billion 2010 Profits $29.3 Million Camilleri’s 2009 Salary 27.6% Global Market Share (excluding China and the U.S.) Amount of cigarettes produced 899.9 Billion Units in 2010 Money spent in 2010 on $25 Million corporate social responsibility: $5 for every tobacco related death
Inside the meeting… “While cigarettes are addictive, it’s not that hard to quit” “I don’t agree with the theory that nicotine somehow suppresses hunger” In regards to nicotine and addiction: “It’s the other compounds in cigarettes that create harm. Those are the ones that we are working to control” In regards to public smoking bans: “20% of adults smoke in this country- someone has to stand up for them”
“You are there to represent the thousands of people who are doing this work across the country” What are you doing to stop Big Tobacco?
Contact Us Brittany Russell: barzp5@mail.missouri.edu Jenna Jordan: jnjxv8@mail.missouri.edu