Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.73

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12:34 PM EST

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To: md1derful who wrote (6265)	7/26/2001 10:40:05 AM
From: jayhawk969	of 6439

Excerpt from Today's WSJ interactive.wsj.com "Trying to defuse a widening public-relations crisis, a top executive at Philip Morris Cos. apologized for a company-funded report calling cost savings from smokers' early deaths one of the "positive effects" of cigarette consumption. "We understand that this was not only a terrible mistake, but that it was wrong," Steven C. Parrish, a senior vice president, said in an interview Wednesday. "To say it's totally inappropriate is an understatement." Philip Morris officials in the Czech Republic last month distributed an economic analysis concluding that cigarettes aren't a drain on the country's budget, in part because the government saves money on health care, pensions and housing when smokers die prematurely."

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