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Article: Philip Morris switching from weed to feed
- Article from:
- Chicago Sun-Times
- Article date:
- January 17, 1990
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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Beauty is in the eye of the beholder. Philip Morris, the
tobacco, food and beer company, emerged as one of America's most
admired corporations in this year's list in Fortune magazine, giving
Merck & Co., the pharmaceutical maker, a close run for first place.
Philip Morris' strong points, according to Fortune - which
surveys 8,000 corporate executives, directors and financial analysts
for its annual rankings - are quality of management, value as a
long-term investment and ability to attract, develop and keep
talented people.
But the magazine only mentions in passing an obvious negative.
Philip Morris is the leading producer of cigarettes - Marlboro,