· Business (Tobacco)
· Altria/Philip Morris
|Jump to full article: Business Wire, 2003-04-24|
Author: Source: Altria Group, Inc.
Altria Group, Inc. (NYSE: MO) held its 2003 Annual Meeting of Stockholders here today, and its chairman and chief executive officer Louis C. Camilleri told an audience of approximately 1,000 stockholders that the company's business fundamentals remain strong and that the litigation risks faced by Philip Morris USA are manageable.
"We have the people, patience, perseverance and resolve to work through even the most difficult litigation challenges," Mr. Camilleri said. "Our food and tobacco businesses are using their significant capacity for innovation and strong financial resources to invest in their exceptional portfolio of brands to drive future growth. Although the current economic environment is difficult, it offers good opportunities for driving long-term growth." . . .
one stockholder proposal was approved and five stockholder proposals were defeated. . .
Proposal One: "Shareholder Vote On Poison Pills"
Approved - 98.7% of the shares voting on the proposal voted in favor; 1.3% voted against.
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Quotes from this article:
We have the people, patience, perseverance and resolve to work through even the most difficult litigation challenges.
Altria/Philip Morris chairman and chief executive officer Louis C. Camilleri, at the 2003 Annual Meeting of Stockholders in Richmond, VA.