Summary RICHMOND, Virginia -- Philip Morris International Inc. gave CEO Andre Calantzopoulos a pay package valued at about $10.9 million for fiscal 2013. The AP's calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
Summary 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.
Summary 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.
Summary 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.
Summary A St. Louis County grand jury decided not to indict Ferguson, Missouri police officer Darren Wilson for the Aug. 9 shooting death of the teenager. Dacia Polk, of the New Black Panther Party, told International Business Times the effort is designed to draw the attention of corporate America.
Summary The village of Moreauville passed an ordinance in October banning pit bulls and Rottweilers as of December 1, but local officials put enforcement on hold after a national outcry. "It is likely that that the vast majority of pit bull type dogs in our communities today are the result of random breeding -- two dogs being mated without regard to the behavioral traits being passed on to their offspring. The result of random breeding is a population of dogs with a wide range of behavioral predispositions. For this reason it is important to evaluate and treat each dog, no matter its breed, as an individual."
Summary The figures show that nearly half of those who signed up for insurance do not currently have coverage through the federal insurance marketplace. That group -- 48 percent of 462,000 who picked a health plan during the week starting Nov. 15 -- is significant, because a major mission of the enrollment window this time is to attract uninsured Americans who did not get coverage through HealthCare.gov's maiden year.