Philip Morris International Inc. gave CEO Andre Calantzopoulos a pay package valued at about $10.9 million for fiscal 2013. Last year Philip Morris International's profit fell 2.5 percent to $8.58 billion. Revenue excluding excise taxes fell less than 1 percent to $31.2 billion. The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
The company said Friday that it has started talks with employee representatives on a proposal to end production at the factory in Bergen op Zoom. Philip Morris International Inc., based in New York, reports that in the last four years, cigarette volumes have weakened in Europe due to economic softness, illicit trade and as consumers shifting to cheaper alternative products.
The Prince George's County Public Schools are seeking a state waiver for four snow days to avoid having to extend the school year. On Friday, Maryland school leaders denied Anne Arundel County's request for a waiver of five instructional days due to snow. Montgomery County school officials said they have not heard a decision on their request.
The companies behind the booming e-cigarette market -- including Altria Group (NYSE: MO ) , Lorillard (NYSE: LO ) , Reynolds American (NYSE: RAI ) , and Philip Morris International (NYSE: PM ) -- and their investors should prepare for some tough news. As mentioned before, the liquid nicotine is especially dangerous to children, since the concentration of the substance is very high and absorbs quickly.
The pay package came in a year when the seller of Marlboro and other brands overseas saw its profit fall 2.5 per cent to $8.58 billion. The value that a company assigned to an executive's stock and option awards for 2013 was the present value of what the company expected the awards to be worth to the executive over time.
Only stockholders of record on March 14, 2014 are entitled to vote at the meeting, or at any adjournments or postponements of the meeting. To obtain copies of PMI's proxy statement for its 2014 Annual Meeting of Shareholders and the necessary documents to vote your shares, please consult PMI's website at www.pmi.com/investors .
Calantzopoulos' salary was nearly $1.6 million and he received a $2.7 million performance-based bonus. Last year Philip Morris International's profit fell 2.5 percent to $8.58 billion. Revenue excluding excise taxes fell less than 1 percent to $31.2 billion. The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
The moon's-eye view of New Zealand wine starts with two words: sauvignon blanc. Move your cursor around; you'll notice that the fruity pinot noir of Marlborough contrasts with the earthier pinots of Central Otago, the mountainous land of hobbits and orcs. "We tend to be in the greener, tropical end of the flavor spectrum instead of the huge passion fruit," Stevens says.
The Marlboro County Sheriff's Office has warrants to arrest Anthony Antoine Smith, 34, on charges of Burglary, Malicious Damage To Property, Safecracking, Grand Larceny and Attempted Murder. Officers did capture and charge Markese David, Quentin Covington and Dedrick McKinnon in connection with the burglary. If you have any information about where deputies can find Smith, you're asked to call the Marlboro County Sheriff's Office.
621 Marlboro Avenue, Chattanooga, TN Presented by Chattanooga Property Shop.: via @YouTube t.co/Quz1zkkqXk
Westbound Central Avenue is closed at St. Michaels Drive while police document and clear the crash. All-News 99.1 WNEW is the only radio station to provide traffic and weather together every five minutes all day every weekday and every 10 minutes on nights and weekends. Lisa Baden and Julie Wright bring you "Beltway-To-Beltway Traffic" exclusively on All-News 99.1.