The anti-smoking conspiracy began over a century ago. Skull & Bones members ring-led the creation of the American Tobacco Trust, to gather all the companies under anti-smoker control. But they knew that they couldn't just take over the tobacco companies and shut them down, because others would simply enter the field. So, they also created and built up enemies to persecute tobacco, particlarly the American Cancer Society, the Harvard School of Public Health, and the American Heart Association, and used these as proxies to create and control the federal health establishment (the National Institutes of Health and National Cancer Institute, et al.) to manufacture fraudulent pseudo-science to deceive the public at taxpayer expense. The anti-smoker-controlled tobacco companies merely put up a phony pretense of fighting the anti-smoker-controlled "health" lobbies, and purposely throw lawsuits (that is, to those brought by the "right" plaintiffs) in order to financially intimidate potential entrants away from the tobacco industry.
"Trenton, N.J., Apr. 4. - Articles of incorporation of the
Reynolds Tobacco Company, with a capital stock of $5,000,000, were
filed today with the Secretary of State. The company is empowered to
cure leaf tobacco and buy, manufacture and sell tobacco in all its
forms. The Incorporators are R.J. Reynolds, W.N. Reynolds, J.B. Duke,
J.R. Cobb, George M. Gales, O.K. Faucette and D.A. Keller. The company
is affiliated with the Continental Tobacco Company." (Reynolds Co. in
the Trust. Raleigh News and Observer, Apr. 5, 1899.)
George M. Gales (~1876-1954) went to work as a clerk with the
Southern Railroad at 17, and three years later went to New York as a
stenographer for the American Tobacco Company. Louis K. Liggett of
Boston made him head of the National Cigar Stand Company, which was a
subsidiary of the United Drug Company (later the Rexall Drug Company),
and in 1914 he was elected president of the Louis K. Liggett Company.
From 1920 to 1933, United also controlled the largest chain of
chemists' shops in Great Britain. (George M. Gales, Liggett's Ex-Head.
New York Times, Aug. 17, 1954.) He was personal secretary of W.R.
Tucker, who was a director of the Raleigh and Gaston Railroad Company.
B.N. Duke of Durham was a director of the Raleigh and Augusta Air Line
Railroad, whose annual meeting was held at the office of the Raleigh
and Gaston. (Annual Meeting of the Stockholders of Three Railroads was
Held in Raleigh Yesterday -- Namely, Raleigh and Gaston, Raleigh and
Augusta Air Line and Durham and Northern. Raleigh News &
Nov. 9, 1894.) Gales accepted a position as stenographer and typewriter
[sic] with the Southern Railway in Washington, D.C. in 1896.
(Personals. Raleigh News & Observer, Feb. 2, 1896; Palmetto and
Bay. Raleigh News & Observer, Feb. 4, 1894.) In 1899, he was an
incorporator of the R.J. Reynolds
Company after it joined the American Tobacco Trust. (Reynolds Co. in
the Trust. Raleigh News and Observer, Apr. 5, 1899.) He married Helene
Seymour Houghton, the younger daughter of Dr. [Hezekiah] Seymour
Houghton, in a double ceremony in which her sister, Florence, married Reuben M. Ellis,
president of Philip Morris. The two bridegrooms were "friends of long
standing." (Sisters' Wedding Attended By 2,000. New York Times, Nov.
17, 1910.) His son, Seaton
Gales, graduated from Princeton in 1933 and was "with Sterling Drug
Inc." (Miss Decroix Wed to Seaton Gales. New York Times, Nov. 2, 1957.)
His granddaughter, Holly Cameron Gales, married David Doubleday
Holbrook, Skull & Bones 1960. (Holly Gales Bride of David
New York Times, Jun. 26, 1960.)
His older brother, Thomas Cameron Gales, "entered the tobacco
business in the South as a young man," and came to New York in 1902. He
was vice president of the Henry Clay, Bock & Co. and a director
the American Cigar Company; second vice president of the Havana
Commercial Company and a director of H. de Cabanas y Cabajal. (Thomas
C, Gales. New York Times, Oct. 26, 1932.) He left Raleigh to go to
Cincinnati in 1887. (Personal. Raleigh News & Observer, Mar. 3,
1887.) He married Abbie Smith, daughter of the superintendent of the
Raleigh & Gaston Railroad, William Smith. (Pretty Morning
Raleigh News & Observer, Jun. 26, 1890.) They were sons of
Gales (1828-1878), editor of the Raleigh Register, and great-grandsons
of its founder, Joseph
(026a: Descendants of Clement READE (1707-1763) and Mary HILL
(1711-1785). Barry Christopher Noonan.)
"Mr. Reynolds left the University of Virginia in 1903 to go to work for his uncle, R.J. Reynolds. He induced him to switch from the production of chewing to smoking tobacco. His work led to the manufacture of Camel cigarettes. He devised a moisture-preserving tobacco tin. In 1912, Mr. Reynolds resigned to enter business for himself. After World War I he joined with his uncle's company and the British-American Tobacco Company to form the United States Foil Company to roll tin and lead foil for cigarette packaging. Later the switch to aluminum foil was made." He was chairman of the board of the Reynolds Metal Company; also president and a director of United States Foil Company and other companies associated with Reynolds Metals. (R.S. Reynolds Sr., Financier, Is Dead. New York Times, Jul. 30, 1955.) His son, David Parham Reynolds, was married to the sister of Mrs. Courtlandt Palmer Dixon Jr. (Miss Harrison to Wed. New York Times, Dec. 31, 1939; Margaret Harrison Wed. New York Times, Mar. 27, 1944.)Directors and Officers of RJR, 1911-1991 / UCSF (pdf, 20 pp)
Major stockholders (>1000 shares) of R.J. Reynolds in 1917 included: Anthony N. Brady, 4149; J.B. Duke, 4350; Mrs. Nanaline H. Duke, 1151; George W. Elkins, 1109; Hallgarten & Co., 13498; P.H. Hanes, 1550, plus 1504 among other members of the Hanes family of Winston-Salem; "Lewis Cass Ledyard & Payne Whitney & the Survivor of them," 1474; Melville Securities Co., 1289; Moore & Schley, 1267; Northern Finance Corp., 2240; Oliver H. Payne, 2252; Richard J. Reynolds, 15180; W.N. Reynolds, 2268; Thomas F. Ryan, 3700; Safe Deposit & Trust Co. of Baltimore, 3177; Dorothy Whitney Straight, 1604; Gertrude Whitney, 1102; Harry P. Whitney, 3349; and Eleanor Elkins Widener, 1110. (R.J. Reynolds Stockholders Meeting, Apr. 3, 1917.)RJR Stockholders Meeting, 1917 / UCSF (pdf, 20 pp)
Henry H. Wehrhane, a partner in Hallgarten & Co. from 1904-1919, was a founding member of Reynolds, Fish & Co., a general brokerage that did business for [William] Payne Whitney.
"R.J. Reynolds's cigarettes may have gained the loyalty of
of American smokers, but his business didn't hold the loyalty of his
own family. After he died in 1918 his three sons went their separate
ways, and his favorite nephew, Richard S. Reynolds, went off to start a
foil factory, which started out making wrappings for R.J. Reynolds
cigarettes and grew into Reynolds Metals. Management of the tobacco
passed into the hands of Bowman Gray, a salesman a protoge of the
founder. The Grays did very well indeed, but at the beginning of the
Depression they made one mistake. Thinking people would rather smoke
than eat, they raised prices. That opened the door for price-cutting
smaller tobacco companies. Philip Morris was one that came through the
door." (Everybody's Business. The Legend Behind R.J. Reynolds. SOUTH
Business, Jan. 1981, pp. 50, 53-54.) SIC. How does one make a "mistake"
like that, except on purpose? -cast
Babcock married Mary Katherine Reynolds, daughter of the late
Reynolds. He was with the Guaranty Trust Company of Philadelphia. (Miss
Mary Reynolds Wed. New York Times, Dec. 17, 1929.) In 1931, he
co-founded the stock brokerage firm of Reynolds & Company with
Richard S. Reynolds Jr. and Thomas F. Staley. (Witter, Reynolds Set
Biggest Merger in Wall St. History. New York Times, Oct. 4, 1977.) In
1936, he was elected a director of the Safe Deposit and Trust Company
of Baltimore (Joins Trust Board in Baltimore. New York Times, May 27,
1936), and the Mercantile-Safe Deposit and Trust Company of Baltimore
(Display Ad 45. New York Times, Jan. 6, 1955; Display Ad 238. New York
Times, Jan. 10, 1956.) His wife inherited approximately $30
million from her father. (R.J. Reynolds' Daughter Gets Share in Estate.
Washington Post, Aug. 20, 1936.) He became a director of R.J. Reynolds
the same year he died. (R.J. Reynolds Tobacco Adds Broker to Board. New
York Times, Jan. 11, 1957.) Charles H. Babcock was born in Lafayette,
Ind. in 1899. His parents were Charles Henry Babcock and Ella Park
Babcock. He was president of the Mary Reynolds Babcock Foundation,
established by his first wife, who died in 1953, and an officer of the
Z. Smith Reynolds Foundation. He was a director of the R.J. Reynolds
Tobacco Company, the Security Life & Trust Company and the
Publishing Company. His second wife , whom he married in 1954, was
Winifred Penn Knies, widow of Albert Sutton Knies, who was also
associated with R.J. Reynolds. (Charles Babcock, Stockbroker, Dies. New
York Times, Dec. 15, 1967.) His daughter, Barbara Frances Babcock,
married Frederic Hanes Lassiter, a Yale graduate. His father was
chairman of the Federal Reserve Board of Richmond, Va., and of the
Lassiter Corporation in Charlotte, N.C., founded by the bridegroom and
his brother, John Hanes Lassiter. His grandfather, John Wesley Hanes of
Winston-Salem, founded a tobacco company that was merged into R.J.
Reynolds, as well as the Hanes Hosiery Mills, Washington Mills, and the
Wachovia Bank and Trust Company. (Miss Babcock, 1954 Debutante, To Wed
in May. New York Times, Mar. 18, 1962; Barbara Frances Babcock Is
Married. New York Times, May 6, 1962.)
His brother was Joseph Park Babcock, who graduated from Purdue
1912. He was a sales representative in North China for the Standard Oil
Company of New York from 1913-23. He then attended the University of
Pittsburgh School of Law and graduated from Yale Law School in 1927. He
was a lawyer in New York City 1927-35 and in Schenectady, N.Y. 1935-49,
where he was chief counsel of the General Electric Company at the time
of his death. (Bulletin of Yale University. Obituary Record of
Graduates of Yale University Deceased during the Year 1948-1949, pp.
171-172.) In 1951, after Mrs. Joseph P. Babcock died, Charles H.
Babcock raised their children, Jay Park Babcock and Bruce McDaniel
Babcock. Jay Park Babcock graduated from Yale, and was an
associate with the law firm of Mudge, Rose, Guthrie &
and in the investment business with Dean Witter Reynolds. (Obituary.
New York Times, Jan. 9, 1981 p. B6.)
The other founders of Reynolds & Company were Richard
Reynolds Jr. and Thomas F. Staley Jr. In 1978, during the time of his
grandson, Thomas F. Staley, Reynolds & Co. merged with Dean
and Sears, Roebuck & Co.
Witter Reynolds in 1981.
(Witter, Reynolds Set Biggest Merger in Wall St. History. New York
Times, Oct. 4, 1977.) Staley was the grandson of Major D. Reynolds, an
older brother of RJ Reynolds, the head of R.J. Reynolds Tobacco, who
"conversion experience that
led him to leave the tobacco business." "Both of Staley's parents were
evangelicals, especially interested in
the foreign missionary movement." (The Thomas F. Staley Foundation.
North Carolina Wesleyan College.)
Mrs. Richard S. Reynolds gave a luncheon in the Louis XVI
the St. Regis, whose guests were Mrs. Alton B. Parker, Mrs. Clarence K.
Reynolds, Mrs. William F. Woodward, Mrs. Charles Kent of Winston-Salem,
Mrs. Harry B. Lake, Mrs. James T. Harahan, Mrs. George Garland Allen,
Mrs. John Calvin Thorne, Mrs. Putnam Momand, Mrs. Robert Follin, Mrs.
Henry Schniewind Jr., Mrs. E.E. Hays of Louisville, and Mrs. Edgar
Bolling. (Mrs. R.S. Reynolds Gives A Luncheon. New York Times, Mar. 20,
1931.) In 1938, those associated with the Reynolds Investing Company,
Inc., and/or Granberry & Co. included Richard S. Reynolds,
K. Reynolds, Richard S. Reynolds Jr., William F. Woodward, W.J.
Granberry, C. Kelly Reynolds Jr., William W. Kennedy, Leo A. Meagher,
William E. Nulty, J.N. Eustis, Henry Arden, Edna L. Reynolds and Jane
Reynolds. ($3,300,000 Looting of Investing Trust is Charged in Suit.
New York Times, May 17, 1938.) N.Y. Supreme Court Justice Carroll G.
Walter held liable both the members and associates of Reynolds
Investing and the Reynolds family group which used assets of
Continental Securities to buy control of Reynolds Securities. (Trusts
Recover $2,000,000 in Suit. New York Times, Feb. 19, 1941.)
William Forbes Woodward, Yale 1913, was assistant to the
of the First National Bank of Louisville, Ky., from 1919-24 and
vice-president 1924-28. He was a partner of Reynolds & Co.
and a supervisor for Granberry & Co. at Louisville from
assistant to the president of Reynolds Metals Co. 1941 until retiring
in 1946. He was also a vice president of Selected Industries Inc.
1930-32 and United States Foil Co. 1932-1935. (Obituary Record of
Graduates of the Undergraduate Schools Deceased during the Year
1949-1950, p. 98.)
Insider holdings of R.J. Reynolds, Common: James W. Glenn,
10,000; James A. Gray, Officer & Director, 60,000; R.C.
Director, 3,750; C.W. Harris, Officer & Director, 15,000;
H. Kirke, Officer, 9,000; R.E. Lasater, Officer & Director,
M.E. Motsinger, Officer & Director, 9,500; Louis F. Owen,
11,500; W.N. Reynolds, Director, 72,200; R.D. Shore, Officer &
Director, 10,000; John C. Whitaker, Director, 9,000; S. Clay Williams,
Director, 32,000. B Common: James A. Gray, 40,000; Theodore H. Kirke,
21,775; R.E. Lasater, 9,025; M.E. Motsinger, 5,000; W.N. Reynolds,
133,397; R.D. Shore, 6,000. (Big Share Holdings Summarized By SEC. New
York Times, Jul. 17, 1936.)
S. Clay Williams received a law degree at the University of
in 1908. In 1917, he came to Winston-Salem as assistant general counsel
of R.J. Reynolds Tobacco Company, where he rose to vice president,
president, vice chairman, and chairman in 1935. He was a member of the
business advisory council of the U.S. Department of Commerce since
1933, chairman of the National Industrial Recovery Board from 1934-35
during the Roosevelt Administration, and a vice president of the
National Association of Manufacturers from 1936-38. He was a director
of the American Telephone & Telegraph Co. Dr. S. Clay Williams
of Philadelphia was his son. (S. Clay Williams, Tobacco Man, Dies. New
York Times, Feb. 26, 1949.) He shot to death William A. Law of
Philadelphia, the President of the Penn Mutual Life Insurance Company,
in a hunting accident. (W.A. Law Is Killed in Hunting Mishap. New York
Times, Jan. 26, 1936.) He was a trustee of President Franklin D.
Foundation for Infantile Paralysis in 1937.
Board of directors, 1958: John C. Whitaker, Chairman; H.N.
Chairman Executive Committee; Bowman Gray, President; H.S. Kirk,
Executive Vice President; W.J. Conrad, Vice President and Secretary;
A.H. Galloway, Vice President and Treasurer; H.H. Ramm, Vice President
and General Counsel; S.B. Hanes Jr., Vice President; F.G. Carter, Vice
President; S.M. Scott, Comptroller; William R. Lybrook, Associate
Counsel; Kenneth H. Hoover, Director of Research; Robert M. Hanes,
Honorary Chairman, Wachovia Bank and Trust; Charles B. Wade Jr.,
Personnel Manager; Charles H. Babcock, Partner, Reynolds & Co.;
Colin Stokes, Superintendent of Manufacturing.
Hanes graduated from the University of North Carolina in 1912
later attended the Harvard Graduate School of Business Administration.
He returned from France as a major in the 113th Field Artillery and
joined the Wachovia Bank and Trust. He was elected vice president in
1920, and president in 1931. In the spring of 1949, he was named chief
of the Economic Cooperation Administration mission to Belgium and
Luxembourg, and in September as Director of Economic Affairs for West
Germany and chief of the Marshall Plan mission. He was a director of
the Wachovia Bank and Trust, the Southern Railway System, the P.H.
Hanes Knitting Company, the Security Life and Trust Company, the
Piedmont Natural Gas Company, the State Capital Life Insurance Company,
the Piedmont Publishing Company, Colonial Stores Inc., the Carolina
Power and Light Company, the Ecusta Paper Corporation, and R.J.
Reynolds Tobacco Company. He was survived by his widow, Mildred; a
daughter, Mrs. Meade Willis Jr.; a son, Frank Borden Hanes; and three
brothers, James G. Hanes, John W. Hanes, former Under Secretary of the
Treasury, and Ralph P. Hanes, and a sister, Mrs. Robert Lassiter.
(Robert Hanes, 68, Banker in South. New York Times, Mar. 11, 1959.) He
was a member of President Eisenhower's Arden House group
of policy makers.
"1. The Scientific Advisory Board meeting this Friday was attended by Carl Thompson. They made more grants and analized what has been accomplished.
"2. Ogden White, Chairman of the Finance Committee of Sloan Kettering and Memorial Hospital reported that the R. J. Reynolds Company had agreed to grant a $100 thousand to Sloan Kettering. It could indicate that Reynolds feels here's a little protection or TIRC hasn't done too much. Reynolds wanted a raw products center for the industry, claiming that TIRC should be interested in agriculture as well as health (They control 35 - 40% of the TIRC funds). American Tobacco vetoed this because they couldn't be connected with any leaf industry. Reynolds then bought a farm and formed their own raw products research center. Sloan Kettering will be the logical one to investigate cancer claims. P. Lorillard has been giving $25,000 for years without any fanfare. They are going to approach other tobacco companies, automotive companies, milk companies, and anyone else with an interest in the cancer controversy. Right now we are committed to the TIRC concept. Reynolds by working with Sloan Kettering might see developments as they come about. They might get a new dimension to their research. Mr. Wynder will be out in April with a paper which says there is something in filters which is selective and safe. The agency was alerted that this paper might come out and asked to think of anything which might be exploitable. The marketing department has been alerted to play on the selectrate trademark of Marlboro. There is talk that the FCC might lift the ban on health claims in ads." (From James Bowling Area, Philip Morris, Mar. 13, 1962.) Ogden White joined the board of directors of Liggett & Myers in 1968.TIRC Meeting, 1962 / UCSF (pdf, 1 p)
Sticht began his career with United States Steel Corp. and then Trans World Airlines Inc. He joined Campbell Soup Co. where he became Vice President of Marketing and later President of its international subsidiary. He left Campbell to join Federated Department Stores as Executive Vice President and a member of its board of directors, and soon after became President of Federated. "He became a member of the Board of Directors of R.J. Reynolds Tobacco Company in 1968 and in 1972, after retiring from Federated, was elected Chairman of the Executive Committee. In 1973, Paul was elected President of RJR, which by that time had changed its name to R.J. Reynolds Industries, Inc. He was elected Chief Executive Officer in 1978 and Chairman of the Board in 1979. After his retirement as a full-time employee in 1984, Paul remained on the Board of Directors serving as Chairman of the Executive Committee and a coinsultant. Paul was brought back twice from his retirement at R.J. Reynolds Industries, Inc. He first returned from April until October of 1987 to serve as Chairman of the company which had by then become known as RJR Nabisco, Inc. and then returned from February until April of 1989 as acting Chairman and Chief Executive Officer, following the acqusition of RJR Nabisco by Kohlberg Kravis Roberts and Company." He has been a member of the boards of directors of Celanese Corp., Chrysler Corp., S.C. Johnson & Son, Inc., McKesson Corp., Textron Inc., Wachovia Bank and Trust Co. and Wachovia Corporation. (J. Paul Sticht bio, Grove City College, 2003.) Ralph Lazarus, the president of Federated Department Stores, was a member of the First International Congress on Smoking and Health in 1963.J. Paul Sticht bio / Grove City College
When Leighton H. Coleman resigned from the board of directors, RJR President AH Galloway nominated J. Paul Sticht, and Chairman Gordon Gray seconded it (Minutes of RJR Board Meeting, June 20, 1968.)RJR Board Meeting, June 20, 1968 / UCSF (pdf, 7 pp)
"Once known as a 'feudal barony,' Reynolds went through management upheavals in the 1960s. The key role was played by J. Paul Sticht, who engineered what Business Week called a 'bloodless coup.' Sticht was president of Federated Department Stores, the nation's largest department store chain, when he joined the Reynolds board in 1968. In 1972 a longtime Reynolds executive, David S. Peoples, was slated to become chairman, but Sticht opposed that appointment - and threatened to quit as a director if Peoples got the top position. Sticht then won over other directors who weren't company executives, and in a showdown vote in the board of directors he was named president and Colin H. Stokes, a veteran of 41 years at Reynolds, was elected chairman. The two ran the company as 'partners,' although Sticht said he made it clear at the start that 'I was never going to work for somebody else.' Sticht was elected chief executive officer in 1978. He has recruited many managers from outside the company. One, J. Tylee Wilson, came from Chesebrough-Pond to run the floundering foods division. He's now president."
"David Peoples and two other top Reynolds managers - Charles B. Wade Jr. and William S. Smith - were forced to resign as officers and board members in 1976 when it was disclosed they had been involved in funneling $65,000 to $90,000 of corporate funds into a secret account used to make illegal domestic political contributions. Three and one-half months later, still in 1976, Reynolds disclosed that their domestic political contributions were more like $190,000. They also reported to the Securities and Exchange Commission that they had made some $25 million in questionable corporate payments in the US and overseas since 1968 - some $19 million of which were possibly illegal rebates made by their shipping company, Sea-Land. In 1978 Sea-Land was fined $5,000 for this violation of the Shipping Act." In 1979, Z. Smith Reynolds owned 5% and the McLean family, which owned Sea-Land, had another 1.5%; and "as recently as 1971 Forbes reported that some 40 Reynolds family members owned a total of 7% or 8% of the stock." (Everybody's Business. The Legend Behind R.J. Reynolds. SOUTH Business, Jan. 1981, pp. 50, 53-54.)SOUTH Business, 1981 / UCSF (pdf, 4 pp)
RJR acquired Sea-Land in 1969.RJR 1969 Annual Report / UCSF (pdf, 39 pp)
The Fuoss-Sticht Memo: Robert M. Fuoss, Vice President of Federated Department Stores and former Executive Editor of the Saturday Evening Post, 1956-61, wrote a memo to Sticht critiquing RJR's "The Cigarette Controversy." Fuoss was "surprised and impressed by the volume of 'counter-evidence' that has been assembled by the tobacco people," and admitted that "They have a better rebuttal than I would have guessed." Fuoss found it "heavy-handed and lifeless," and criticized it for "a shallow pretense of objectivity in the presentation that does the tobacco people no good at all." Fuoss thought the tobacco industry should enlist "the talents of an experienced popular journalist to write a modest-sized paperback book on this whole subject, "in the human and anecdotal style of the story-teller," while fully expounding the views of the Public Health Service and the American Cancer Society et al. "The intent of such a production would not be to make a case _for_ cigarette smoking but rather to put down all the pros and cons in one place... The objective would _not_ be to exonerate cigarette smoking from the attacks that have been lodged against it. The objective _would_ be to lift from tobacco manufacturers the 'merchants of death' stigma and to substitute in its place an image of people earnestly seeking the truth -- even to the point where they honestly and forthrightly circulate the charges made against them." (Fuoss to Sticht, Aug. 6, 1971.)Fuoss to Sticht, Aug. 6, 1971, p. 1 / UCSF (pdf, 1 p)
Charles B. Wade responded: "Their performance is 'nothing' I agree compared to the need, but I just have to say, bad as it is, it is better than ever." (Aug. 6, 1971.) Wade forwarded the Fuoss's comments to Horace Kornegay and William Kloepfer Jr. of the Tobacco Institute. (Aug., 12, 1971.)Wade, Aug. 6, 1971 / UCSF (pdf, 1 p)
The Wachovia Bank & Trust Co., Winston-Salem, and the Mercantile Safe of Baltimore were the largest shareholders of R.J. Reynolds Industries in 1972. (Disclosure of Corporate Ownership. Prepared by the Subcommittee on Intergovernmental Relations, and Budgeting, Management, and Expenditures of the Committee on Government Operations, United States Senate, Dec. 27, 1973. Requested of the Congressional Research Service in August 1972 page 58.)Disclosure of Corporate Ownership, 1973 / UCSF (pdf, 416 pp)
"... we have continued our commitment, begun in 1954, to The Council for Tobacco Research -- U.S.A., Inc., which makes grants to independent scientists for research on matters related to tobacco and health. This year's budget attributable to research, which is also supported by others in the tobacco industry, comprises $5.9 million. At Harvard Medical School we and others in the tobacco industry are supporting research on questions of tobacco and health through a five-year grant in the amount of $2.5 million. Other major research projects supported by your Company include a five-year, $1.7 million research program at UCLA on lung defense mechanisms and early detection and treatment of cancer at Washington University in St. Louis on which the tobacco industry has spent or committed $2.8 million." They made an additional pledge of $2.8 million to The Rockefeller University. (R.J Reynolds Industries, Inc., 1975 Annual Report.)R.J. Reynolds Industries, Inc. 1975 Annual Report / UCSF (pdf, 38 pp)
In 1974, the company added an International Advisory Board which included Hermann Joseph Abs, Chairman of the Supervisory Board of Deutsche Bank AG; Archie K. Davis, retired chairman of Wachovia Bank; Chujiro Fujino, Chairman of Mitsubishi Corp.; Ronald Grierson, former Director General for Industrial Affairs of the EEC; Erling S. Lorentzen, president of the Lorentzen Group, Brazil; Donald S. McGivern, President of Hudson's Bay Co., Canada; F.O.J. Sickinghe, Chairman of the Board of Management of Verenigde Machinefabrieken, Holland. (Page 36)RJRI 1975 Annual Report / UCSF (pdf, 38 pp)
Directors J.H. Sherrill and William R. Lybrook retired in 1976, and Malcolm P. McLean resigned in 1977.R.J. Reynolds Industries Inc. 1976 Annual Report / UCSF (pdf, 51 pp)
Sticht informed M.H. Crohn, General Counsel and Secretary of R.J. Reynolds Tobacco Co., that he was placing Bill Hobbs in charge of appraising research grants funded by RJR, both directly and through the CTR (April 16, 1980.)Stricht to Crohn, 1980 / UCSF (pdf, 2 pp)
Henry C. Roemer, vice president and controller of the Federal Telephone and Radio Corporation, a manufacturing affiliate of International Telephone and Telegraph Company, was elected a vice president of I.T.&T. - along with Charles Dewey Hilles Jr., who was also a director of the American Cancer Society. (Elected Vice Presidents of I.T.&T. New York Times, Feb. 8, 1944.) Roemer joined RJR in 1958 as Associate Counsel, and became a director in 1970. Previously, he had been associated with Davis Polk and Wardwell. (1983 RJR director bio) His predecessor at Davis, Polk and Wardwell, Lansing P. Reed, was involved in the mergers that led to the Guaranty Trust's funding of anti-smoker Adolph Hitler through I.T.&T.
Henry C. Roemer III is Executive Director of the Specialty Tobacco Products Council, formed in 1984, whose ostensible purpose is "to defend the business interests that are common to its members, specifically at present, clove cigarettes, in the eyes of legislators and the general public in the United States." AS IF! His real purpose is to serve as a Judas Goat, leeching its clients to fund cronies in the PR industry and the media, and to enable the looting and plunder of their customers - just as his forebear did to R.J. Reynolds.Executive Director / Specialty Tobacco Products
Kreps joined the RJR board in 1975, left to become Secretary of Commerce from January 1977 through October 1979, and then resumed her position with RJR. She was James B. Duke Professor of Economics at Duke University from 1972 to 1977, and Vice President of Duke University from 1973 to 1977. In 1988, she was also a director of American Telephone & Telegraph Co., Armco Inc., The Chrysler Corp., Citicorp, Deere & Co., Eastman Kodak Co., J.C. Penney Co. Inc., Allegis Corp. and Zurn Industries.
Macomber joined the RJR board in 1975. he was a senior executive of Celanese Corp. from 1973 and its CEO from 1980 to 1987. In 1988, he was also Chairman of Lasertechnics, Inc., and a director of The Chase Manhattan Bank, Xerox Corp., FPL Group Inc., Calgene Corp. and Bristol-Myers Co.; Chairman of the Advisory Board of Yale School of Management, and Vice Chairman of Rockefeller University. RJRI gave $2.8 million to The Rockefeller University during 1974. (R.J Reynolds Industries, Inc., 1975 Annual Report.) In 1979, RJR began funding Stanley Prusiner's research on prions, which had begun at Rockefeller.
RJ Reynolds, "Biomedical Research Contributions (MRC) 1976-89." Joshua Lederberg, the president of Rockefeller University from 1978 to 1990, received $6,100,000 between 1980 and 1988; Prusiner got $3,747,500 during the same period.RJR Biomedical Research Contributions, 1976-89 / UCSF (pdf, 15 pp)
Butler joined the RJR board in 1976. In 1988, he was also a director of the Wachovia Corp. et al., and The Northwestern Mutual Life Insurance Co.
Anderson joined the RJR board in 1977. He was variously president, CEO, Chairman of NCR Corp. between 1972 and 1984, and in 1988 was chairman of its Executive Committee.
Grierson joined the RJR Board of Directors in 1978, after serving on the International Advisory Board since 1974. In 1988, he was Vice Chairman of The General Electric Co. plc from 1968 to 1972 and again since 1983, except for a leave of absence to be Director-General for Industry and Technology for the European Commission in Brussels from 1973-74. He was also a director of The Chrysler Corp., W.R. Grace & Co., Safic Alcan & Cie (Paris), Bank in Liechtenstein (UK) Ltd. and Bank in Liechtenstein (Frankfurt) GmbH.
Horrigan joined RJR in 1978 as Chairman and CEO of R.J. Reynolds Tobacco International, Inc. and became a director of R.J. Reynolds Tobacco Co. in 1979. In 1988, he was Vice Chairman of the Board of RJR Nabisco, and Chairman and CEO of R.J. Reynolds Tobacco Co.
Hugel was a director of Nabisco Inc. since 1978, and Nabisco Brands Inc. after its acquisition by RJR in 1981. In 1988, he was Chairman of the Board of RJR Nabisco, Inc., and President, Chief Operating Officer and a director of Combustion Engineering Inc. "Before joining Combustion Engineering, he held senior positions in New Jersey Bell Telephone Co., New England Telephone Co. and Ohio Bell Telephone Company and was elected Executive Vice President of American Telephone and Telegraph Company in 1978."
"Dear Tuck: Attached in the background on the Nicorette Anti-Smoking Symposium which I discussed with you on the phone today. In addition to the participants listed, I was informed that John Penney [sic - Pinney - cast] also attended. Interestingly, this symposium was held at the Washington headquarters of the American Heart Association.
"The Symposium was held in preparation for marketing Nicorette gum in the United States. Nicorette is produced by Leo Pharmaceutical Company of Sweden and will be handled in the United States by Merrell Dow Pharmaceutical Inc. which is a subsidiary of Dow Chemical Company and which according to Standard & Poor's is also a division of Merrell Pharmaceutical Inc. Among the directors of Dow is Barbara Hackman Franklin, former Commissioner of the Consumer Product Safety Commission. Among the directors of Merrell Pharmaceutical Inc. are Joseph F. Abley Jr. and Charles F. Myers, both 'associated with' R.J.R. Industries." (Fred Panzer, Vice President of the Tobacco Institute, to Charles A. Tucker, RJ Reynolds Tobacco Co., March 17, 1982.)Panzer to Tucker, Mar. 17, 1982 / UCSF (pdf, 1 p)
Andrew Gregg Curtin Sage 2d is the great-grandson of William H. Sage of Albany, whose father, Henry W. Sage (1814-1897), helped found Cornell University. (Sara Wakefield Becomes Engaged. New York Times, Jul. 29, 1956.) A.G.C. Sage 2d joined Lehman Brothers in 1948 and became a partner in 1960. He was elected a director of General Motors in 1970. (G.M. Elects Director. New York Times, Mar. 4, 1970.) His associates at Lehman included Peter G. Peterson and F. Warren Hellman. (7 Partners Relinquish Posts On Lehman Brothers Board. New York Times, Sep. 30, 1976.) Sage received $250,000 a year as an "all-purpose advisor to Mr. Johnson" of RJR. (RJR Nabisco Board Asserts Independence In Buy-Out Decisions. By J. Helyar et al. Wall Street Journal, Nov. 9, 1988 p. A1.) A.G.C. Sage is a director of American Superconductor (2005). Peterson's wife, Joan Ganz Cooney, created the 1970s PBS health propaganda series, "Feeling Good."Board of Directors / American Superconductor
A grandson of Henry W. Sage, Dean Sage Jr., S&B 1897, was the president of Columbia-Presbyterian Medical Center; and another grandson, Andrew G.C. Sage, was a major stockholder of the American Tobacco Company in 1924.RJR 1984 Annual Report / UCSF (pdf, 57 pp)
"The Smoking Dilemma," part of a ten-part series on health care in America, produced by Fred Friendly. RJR provided John Strauch, a senior litigating partner of Jones, Day, Reavis & Pogue, as a participant on the panel, which included Surgeon General C.Everett Koop, Joseph Califano, Dr. Michael DeBakey, Congressman Henry Waxman, and Boston Globe columnist Helen Goodman. The moderator was Harvard law professor Charles Nesson. (Interoffice Memo, Nov. 3, 1986. From Harold L. Henderson to RJR officers and directors, and several attorneys).Henderson Memo, Nov. 3, 1986 / UCSF (pdf, 2 pp)
Board of Directors: William S. Sanderson, Chairman, Executive
Committee, NCR Corp.; Albert L. Butler Jr., President, The Arista Co.;
Dr. Robert J. Carbonell, Vice Chairman, RJR Nabisco; John W. Hanley,
Chairman Executive Committee, Monsanto Co.; Edward A. Horrigan Jr.,
Vice Chairman RJR Nabisco, Chairman and CEO RJ Reynolds Tobacco Co.;
Charles E. Hugel, Chairman RJR Nabisco and President and CEO Combustion
Engineering Inc.; Dr. Juanita M. Kreps, former U.S. Secretary of
Commerce; Gerald H. Long, Senior Executive Vice President RJR Nabisco
and Chairman RJ Reynolds Tobacco USA; John D. Macomber, former Chairman
and CEO Celanese Corp.; Robert M. Schaberie, former Chairman Nabisco
Brands Inc.; J. Paul Sticht, former Chairman RJR Nabisco Inc.; James O.
Welch Jr., Vice Chairman RJR Nabisco Inc. and Chairman Nabisco Brands;
John L. Clendenin, Chairman and CEO BellSouth Corp.; Ronald H.
Grierson, Vice Chairman General Electric Co. PLC; F. Ross Johnson,
President and CEO RJR Nabisco Inc.; Vernon E. Jordan Jr, Partner Akin,
Gump, Strauss, Hauer & Fied; John G. Medlin Jr., Chairman,
President and CEO First Wachovia Corp.; Andrew G.C. Sage II, former
Managing Director Shearson Lehman Brothers.
Felix Rohatyn and Ira Harris of Lazard Freres were advisors to the RJ Reynolds special committee of outside directors concerning its buy-out. (RJR Board Asserts Independence In Buy-Out Decisions. By J. Helyar et al. Wall Street Journal Nov. 9, 1988 p. A1. In: News Briefs. Awareness Bulletin, Lorillard Inc. Nov. 23 1988;18(18).)Awareness Bulletin Nov. 23, 1988 / UCSF (pdf, 56 pp)
In 1999, anti-smokers Newton Minow and Daniel Tisch were the trustees of Trusts whose beneficiaries were family members of J. Ira Harris.
Bush family: "[W]hen Prescott
Bush was arranging a job for young George Herbert Walker Bush
1948, he contacted Ray Kravis of Tulsa, Oklahoma, whose business
included helping Brown
Brothers, Harriman to evaluate the oil reserves
of companies. Ray Kravis had quickly offered George a job, but George
declined it, preferring to go to work for Dresser Industries, a much
larger company. That was how George had ended up in Odessa and Midland,
in the Permian basin of Texas. Ray Kravis over the years had kept in
close touch with Senator Prescott Bush and George Bush, and young Henry
Kravis had been introduced to George and had hob-knobbed with him at
various Republican Party and other fund-raising events. Henry Kravis by
the early 1980's was a member of the Republican Party's elite Inner
Circle." Kravis was a huge contributor to both Bush's presidential
campaign and the Republican Party.
"George Bush's friend Henry Kravis raised money for his
buyouts from a number of sources. Money came first of all from
insurance companies such as the Metropolitan Life Insurance Company of
New York, which cultivated a close relation with KKR over a number of
years. Met was joined by Prudential, Aetna,
and Northwest Mutual. Then there were banks like Manufacturers Hanover
Trust and Bankers Trust.
institutions were attracted by astronomical rates of return on KKR
investments, estimated at 32.2% in 1980, 41.8% in 1982, 28% in 1984,
and 29.6% in 1986. By 1987, KKR prospectus boasted that they had
carried out the first large LBO of a publicly held company, the first
billion-dollar LBO, the first large LBO of a public company via tender
offer, and the largest LBO in history, Beatrice Foods."
"Then came the state pension funds, who were also anxious to
in these very large returns. The first to begin investing with KKR was
Oregon, which shoveled money to KKR like there was no tomorrow. Other
states that joined in were Washington, Utah, Minnesota, Michigan, New
York, Wisconsin, Illinois, Iowa,
Massachusetts, and Montana. The decisions to commit funds were
typically made by state boards. An example is Minnesota: here the State
Board of Investment is made up of the Governor, the state Treasurer,
the state auditor, the Secretary of State, and the Attorney General,
Some of these funds are so heavily committed to KKR that if any of the
highly-leveraged deals should go sour in the current "recession,"
pensions for many retired state workers in those states would soon
cease to exist. In that eventuality, which for many working people has
already occurred, the victims should remember George Bush, the
political godfather of Henry Kravis and KKR." [Humphrey filed the State of Minnesota's lawsuit
tobacco settlement, which resulted in an outrageous ripoff of smokers
when the industry threw the
settling, despite the fact that they appeared to be winning.]
"KKR had one other very important source of capital for its
this was the now-defunct Wall Street investment firm of Drexel,
Burnham, Lambert, and its California-based junk bond king, Michael
and Milken were the most
important single customers KKR had. (Drexel had its own
Harriman link: it had merged with Harriman Ripley & Co. of New
in 1966.)" Milken's crowd included Laurence
and CNA. "In November of 1986, Ivan Boesky pleaded guilty to one felony
count of manipulating securities, and his testimony led to the
indictment of Milken in March, 1989, some months after the RJR Nabisco
deal had been sewn up. In order to protect more important financial
players, Milken was allowed to plead guilty in April 1990 a five counts
of insider trading, for which he agreed to pay a fine of $600 million.
On February 13, 1990, Drexel Burnham Lambert had declared itself
bankrupt and gone into liquidation, much to the distress of junk bond
holders everywhere who saw the firm as a junk bond buyer of last
resort." (Chapter -XIX- The Leveraged Buy-out Gang. In: George Bush:
The Unauthorized Biography. by Webster G. Tarpley & Anton
More than 70 institutional investors, including the pension
New York State and Harvard's
endowment fund, were
involved in Kohlberg, Kravis Roberts' $5.6 billion takeover fund.
"Marshall Burkes, executive director of the Wisconsin
is obviously a firm believer in the leveraged buyout phenomenon. He has
close to $750 million of his $16 billion pool spread around 13 or 14
leveraged buyout funds. James George, investment manager of the $9
billion Oregon Public Employees' Retirement System, has chosen the
opposite tack. He gave $600 million to Kohlberg, Kravis alone, and that
was it." This supposedly made the funds passive investors. George said
that direct contact with one of their indirect wards "would not be
protocol" [which of course would not preclude a prior arrangement
-cast]. (New Type of Owner Emerges In Wave of Company Buyouts. By Sarah
Bartlett. New York Times, Nov 8, 1988.) The SWIB ended its investment
in KKR's fund in 1993. The RJR takeover was not profitable for KKR, and
it traded its last $4 billion stake for ownership of Borden, Inc. in
March 1995. (At K.K.R. the Glory Days Are Past. By Peter Truell. New
York Times, Aug. 10, 1995.)
Scott M. Stuart, the Vice President, Assistant Secretary, Assistant Treasurer and a director of the Kohlberg Kravis Roberts takeover group, had been an analyst at Lehman Brothers Kuhn Loeb from 1981 to August 1984. From September 1984 to June 1986, he was at the Stanford Graduate School of Business; then, in September, he joined Kohlberg Kravis Roberts (KKR), who shortly began their takeover of RJ Reynolds. (Supplement to the Offer to Purchase. RJR Acquisition Corporation, 1988.)Supplement to the Offer to Purchase, 1988 / UCSF (pdf, 52 pp)
Between 1979 and 1984, Lehman Brothers Kuhn Loeb was
the tobacco analysts, Maxwell Associates' Tobacco Seminars. Lehman
Brothers Kuhn Loeb was headed by Peter G. Peterson,
with anti-smoker advertising executive Emerson Foote. Peterson was also
the husband of Joan Ganz Cooney, founder of the Children's Television
Directors of Holdings, Group and Capital: Eugene R. Croisant, Executive VP of Human Resources and Administration and a director since 1989, was Sector Executive/Chief Operations Officer at Continental Bank. Lawrence R. Ricciardi was Executive Vice President and General Counsel of both RJRN and American Express Travel Related Services Co. from 1985 to 1989. Karl M. Von der Heyden, Executive VP and a dirctor since 1989, was Senior VP-Finance and Chief Financial Officer of H.J. Heinz & Co. from 1983-89. Jon F. Danski, Vice President, General Auditor and a director since 1989, was Group Controller at Electronic Data Systems Corp. 1984-87. Clifton S. Robbins was an investment banker at Morgan Stanley before joining KKR [now on Board of Managers of MSKCC];. James H. Greene Jr. was a vice president of the Bankers Trust Company before joining KKR. Frederick W. Zuckerman was VP and treasurer of the Chrysler Corp. from 1981-90. Directors of RJRN: Kenneth E. Glover was Managing Director, Drexel Burnham Lambert Incorporated, 1983-1990. M.B. Oglesby, Jr., Senior Vice President, Government Affairs since 1989 was previously Deputy Chief of Staff to President Ronald Reagan, June 1988- January 1989; Partner, Hecht, Spencer and Oglesby, March 1986-June 1988; Assistant for Legislative Affairs to President Ronaid Reagan, November 1983-March 1986. Roger D. Semerad, Senior VP since 1989, was formerly Senior Vice President, Policy Development, American Express Company, 1988-1989, and Assistant Secretary of Labor for Employment and Training, 1985-1988.RJR Nabisco 1990 Annual Report / UCSF (pdf, 32 pp)
1990 Board of Directors: R. Theodore Ammon, general partner of
Louis V. Gerstner, Jr, chairman of CEO of RJR Nabisco; James H. Greene
Jr. Associate, KKR; H. John Greeniaus President and CEO Nabisco Brands;
James W. Johnston, Charman and CEO of R.J. Reynolds Tobacco Company;
Vernon E. Jordan, Jr., partner of Akin, Gump, Strauss Hauer &
Harry R. Kravis, founding partner of KKR; John G. Medina Jr., Chairman,
President and CEO of First Wachovia Corporation; Paul E. Raether,
general partner of KKR; Rozanne L. Ridgway, former Assistant Secretary
of State and President of the Atlantic Council; Clifton S. Robbins,
Associate of KKR; George R. Roberts, Founding Partner of KKR; Scott M.
Stuart, Associate of KKR; and Karl M. von der Heyden, Executive Vice
President and Chief Financial Officer of RjR Nabisco. In 1992, KKR
General Partners Saul A. Fox and Michael T. Tokarz joined the board and
the associates left.
1992 Directors: Louis V. Gerstner, Chairman and CEO of Holdings since 1989, was Chairman/CEO of American Express from 1983 to 1989; also a director of American Telephone & Telegraph Co., Bristol-Myers Squibb, and The New York Times Company [now Vice Chairman of Boards of MSKCC and Chairman, Board of Managers, Sloan-Kettering Institute]. H. John Greeniaus, President of Nabisco Foods Group and a director since 1992. James W. Johnston, Chairman and CEO of R.J. Reynolds Tobacco since 1989, was a Division Executive of Citibank from 1984-1989; also a director of Sealy Corp. and Wachovia Corp. Vernon E. Jordan Jr., Partner at Akin, Gump, Strauss, Hauer & Feld for more than five years, also a director of American Express, Bankers Trust Co. and Bankers Trust New York Corporation, Coming Incorporated, Dow Jones & Co., Inc., J.C. Penney Company, Inc., Revlon Group Incorporated, Ryder System, Inc., Sara Corporation, Union Carbide Corp. and Xerox Corporation. John G. Medlin, Jr., director since 1989, Chairman and Chief Executive Officer of Wachovia Corporation for more than five years, also a director of Wachovia Corporation, BelISouth Corporation, National Services Industries, Inc. and USAir Group, Inc. Rozanne L. Ridgway, director since 1989, co-chair/president of the Atlantic Council of the U.S. since 1989, also a director of Bell Atlantic Corporation, The Boeing Company, Citicorp, Minnesota Mining and Manufacturing Company, Sara Lee Corporation and Union Carbide Corp. The KKR directors - Saul A. Fox, James H. Greene Jr., Henry R. Kravis, Paul E. Raether, Clifton S. Robbins, and George R. Roberts - were also directors of American Re Corporation, Fred Meyer, Inc. Union Texas Petroleum Holdings, Inc, Owens-Illinois Inc., Safeway Inc., The Stop & Shop Companies Inc., AutoZone, Inc., Duracell International Inc., IDEX Corporation, K-III Communications Corp., Owens-Illinois Group, Inc., TW Holdings, Inc., TW Services, Inc., Bradlees, Inc., Red Lion Properties Inc. and Walter Industries, Inc.RJR Nabisco Holdings 1993 Annual Meeting / UCSF (pdf, 34 pp)
On May 27, 1993, Lawrence R. Ricciardi was named president of
Nabisco Holdings Corp. and Karl von der Heyden retired. Charles M.
Harper was named chairman and CEO, while Louis V. Gerstner left to head
I.B.M. Harper was touted for starting the "Healthy Foods" line, "which
spawned at least a dozen other lines named 'healthy,'" while he was
chairman of ConAgra. (Tobacco Manufacturers Association. Tobacco
Weekly, May 27, 1993.) In other words, it became Nabisco's policy to
nurture and pander to the forces of health fascism.
Gen. John T. Chain Jr., Commander in Chief of the Strategic Air Command, was a director of RJR from June 1999 to July 2004, RJR Nabisco, Inc. (now known as RJR) from 1994 to June 1999, and of Nabisco Group Holdings Corp. (the former parent of RJR) from 1994 to December 2000. He raised $100,000 for George W. Bush's election campaign in 2000. He continues as a director of Reynolds American Inc. in 2006. Chain was a director of the corporate health fascist Wellness Councils of America in 1990.RJR Nabisco Holdings 1994 DEF-14A / Securities and Exchange Commission
1995 Beneficial owners of more than five percent of any class of the Company's voting stock: KKR Associates 8.15%; FMR Corp. 12.59% Common; College Retirement Equities Fund 6.68% Series C Preferred; Brinson Partners, Inc. 6.54% Series C Preferred; The Prudential Insurance Company of America 6.30% Series C Preferred; Wachovia Bank of North Carolina, N.A. 100% trustee of ESOP Preferred.RJR Nabisco Holdings 1995 DEF-14A / Securities and Exchange Commission
1997 Beneficial owners of more than five percent of any class
Company's voting securities: FMR Corp. 10.57%; Sanford C. Bernstein
& Co., Inc. 7.35%; Brinson Partners, Inc. 6.50%; The Prudential
Insurance Company of America 6.32%. ESOP Convertible Preferred Stock,
Wachovia Bank of North Carolina, N.A. (as Trustee) 100%. The company
also received alternate slates from Icahn & Co., Inc.,
by Carl C. Icahn, of its intention to nominate a slate of ten
candidates and two alternates, and from Brooke Group Ltd., an entity
controlled by Bennett S. LeBow, of its intention to nominate a separate
slate of nine candidates, including Mr. LeBow, for election to the
Board of Directors.
The 1997 Brooke Group Ltd. Proxy Solicitation included the
flagrantly anti-smoker platform: "SPINOFF- IT'S NOW OR NEVER FOR
NABISCO!!! If you want a Nabisco spinoff now, this is your only chance
! HOWEVER... If you
the tobacco companies will win every case against them for the next 25
years If you really
the 60 law firms representing the nationwide Castano class will go away
If you really believe
the 5 grand juries investigating tobacco will issue any indictments If you really believe
all the state
Attorneys General trying Medicaid cases will lose interest If you really believe
the FDA will
say it's OK to market tobacco to children If you really believe
Philip Morris or other whistleblowers will come forward If you really believe
testimony will make no difference in any of these cases If you really believe
current Board will spin off Nabisco any time soon ...THEN MAYBE THE
BROOKE PROGRAM IS NOT FOR YOU!" The nominees included Ronald Fulford,
the former CEO of Imperial Tobacco; and Dale Hanson, who
had been employed
by the State of Wisconsin Investment Board before serving as the CEO of
CalPERS from 1987 to 1994, and had also been retained by Philip Morris.
R.J. Reynolds Tobacco Holdings is now an indirect wholly owned
subsidiary of Reynolds American Inc.
Lynn J. Beasley, President and Chief Operating Officer of RJ
Reynolds Tobacco, was born and raised in a rural area of Wisconsin.
Before attending the University of Wisconsin, she got a job as a
at the Post Office in Richland Center, Wis. (The Boss. Written with Amy
Zipkin. New York Times, Nov. 24, 2002.) Her twin sister is Laurie
Breininger, a vice president and general manager of the American
Standard Company. (Executive Life. By Amy Zipkin. New York Times, Dec.
8, 2002.) She was married in 1989 to Ronald B. Beasley, a senior vice
president sales at RJR. She graduated from the University of Wisconsin
in 1979 with an associate degree in business administration. A
marketing professor gave her a fellowship so that she could go to
graduate school. She assisted the professor in his research on the
social security system. She also worked for the professor's separate
business, called Madison Survey Services. She also clamied to be a
smoker. (Deposition of LYNN JOANNE BEASLEY, January 7, 1999, LOCAL NO.
17 BRIDGE & IRON WORKERS INSURANCE FUND v. PHILIP MORRIS INC.)
"Lynn J. Beasley. In January 2002, Ms. Beasley was promoted to
President and Chief Operating Officer of RJR Tobacco, after serving as
Executive Vice President — Marketing since 1997, and has been Director
of RJR Tobacco since March 2000. Ms. Beasley joined RJR Tobacco in 1982
as a marketing assistant. After holding a number of positions at RJR
Tobacco, she became Senior Vice President of the WINSTON/ CAMEL
business unit in 1993. From 1995 until 1997, she was Senior Vice
President of brand marketing for WINSTON, CAMEL and SALEM. Ms. Beasley
is a member of the board of trustees of Senior Services, the board of
directors of Wake Forest University Health Sciences, and a member of
the Winston-Salem State University Business Advisory Council for the
School of Business and Economics." She is on the board of
directors of the Scott-MiracleGro
fire smokers under the pretext that their health costs are
higher - proving
that the anti-smokers are in control of the tobacco companies.
Reynolds American Inc. (NYSE: RAI) is the parent corporation
Reynolds Tobacco Holdings, Conwood Company, LLC, Santa Fe Natural
Tobacco Company, Inc., and R.J. Reynolds Global Products, Inc. "RAI was
incorporated in the state of North Carolina on January 5, 2004, for the
purpose of facilitating the transactions to combine RJR Tobacco with
the U.S. cigarette and tobacco business of B&W... The shares of
RAI previously owned by RJR were cancelled, eliminating RJR’s 50%
ownership of RAI. Previous RJR stockholders were issued common shares
of RAI in exchange for their existing RJR shares, on a one-for-one
basis, resulting in ownership of approximately 58% of RAI’s common
stock outstanding at the closing." (Reynolds American 2004 Form 10-Q,
Nov. 5, 2004.) According to the governance agreement of July 30, 2004,
""B&W has the right to designate for nomination five directors,
least three of whom are required to be independent directors and two of
whom may be executive officers of BAT or any of its subsidiaries,"
prorated according to B&W's share of RAI. The Governance
nominates the remaining six directors, one of whom must be the chief
executive officer of RAI or an equivalent senior executive officer,
while each of the remaining directors is required to be an independent
director. (Reynolds American 2006 DEF-14A.)
"R.J. Reynolds Tobacco Company, a North Carolina corporation,
successor by merger to R.J. Reynolds Tobacco Company, a New Jersey
corporation. The existing R.J. Reynolds Tobacco Company is a wholly
owned, indirect subsidiary of Reynolds American Inc., a publicly held
corporation. Brown & Williamson Tobacco Corporation (now known
Brown & Williamson Holdings, Inc.) holds more than 10% of the
of Reynolds American Inc. Effective July 30,2004, a transaction was
completed whereby R.J. Reynolds Tobacco Company became the successor in
interest to Brown & Williamson Tobacco Corporation's U.S.
business. Effective August 2,2004, Brown & Williamson Tobacco
Corporation, a Delaware corporation, changed its name to Brown
Williamson Holdings, Inc. Brown & Williamson Holdings, Inc. is
indirect, wholly owned subsidiary of British American Tobacco, p.l.c.,
a publicly traded corporation." (Corporate Disclosure Statement, United States v. Philip Morris,
et. a1, Case
06-5270,06-5271,06-5272,06-5332,06-5367,07-5 102'07-5 103
(consolidated), Aug. 10, 2007.)