...information that team 3 has retrieved from annual report of Philip Morris International. The annual reports we obtained shows the management changes and how the four functions of management have improved the operational efficiencies of Philip Morris International. All of the information in this summary, will be interesting to management students and managers. On March 28, 2008, Louis C. Camilleri became the Chairman and Chief Executive Officer of Philip Morris International. This happened following the spin-off of Philip Morris International from Altria Group, Inc. prior to this, he had been the Chairman and the Chief Executive Officer of Altria Group Inc., since 2002. He had previously served as Altria Group Inc.’s Senior Vice President and Chief Financial Officer since November 1996. Camilleri joined Philip Morris Inc. in 1978 as a Business Development Analyst with Philip Morris Europe. Prior to joining Philip Morris International Inc., Camilleri was a Business Analyst with W. R. Grace & Co., in Lausanne, Switzerland. Louis received a degree in Economics and Business Administration from Lausanne University in 1976 (Philip Morris International, 2002-2012). Louis C. Camilleri is a person of significance to use for this project; he is the Chief Executive Officer of Philip Morris International and has held other various positions in Philip Morris International. In 2009, as Chairman and CEO of Philip Morris, Camilleri wrote a shareholders letter that reflected on 2008...
Words: 839 - Pages: 4
... but more specifically, the planning function of management. These factors are often broad and can include issues such as ethics, legality, and social responsibility. The Altria Group, Inc. is a company that is often criticized for ethical and social issues, and these factors have a great deal impact on organizational planning. Previously known as The Phillip Morris Companies, Altria Group Inc. produces a wide variety of tobacco, beer, and food products. “Altria sells some of the world’s most successful and best-known packaged goods. Altria’s Philip Morris divisions make several leading cigarette brands and other tobacco products in the United States and internationally. The Philip Morris USA division is the nation’s leading cigarette manufacturer. Altria’s food division, Kraft Foods, Inc., produces a variety of popular cereals, prepared foods, and beverages. Altria is also the major shareholder in SABMiller plc, formerly known as the Miller Brewing Co., which makes some of the best-selling beers in the United States and in the world. Altria is located in New York City. The cigarette brands produced by the Philip Morris divisions include Marlboro, Virginia Slims, Chesterfield, and Basic. Kraft Foods is one of the world’s largest food companies. Its brands include Kraft, Maxwell House, Oreo, and Oscar Mayer” (Microsoft® Student 2008 [DVD], 2007). Altria has had some highs and...
Words: 1081 - Pages: 5
...Harry Fryman 11/14/2012 BUSINESS LAW I, SECTION 321A Evaluating Punitive Damages America’s society operates in a way in which crimes and torts are inevitable. The means in which society assimilates this nature is through the use of our legal system. It is commonly known that in civil litigation, the purpose punitive of damages is to punish the tortfeasor and to prevent him or her from performing such conduct. Punitive damages are to be paid by the tortfeasor to the victim. Aspects of punitive damages can vary from state to state, such as the amounts in which the tortfeasor owes to the victim. The purpose of punitive damages may be just in nature, it is however susceptible to exploitation and deception through instigation and other means by the victim. The notion of exploitation and deception in society is not just at all, it is in fact the source of corruption. In order to avoid corruption in society, it would be best to remove the source of this corruption, by altering the law in which the victim does not receive punitive damages. According to Victor E Schwartz, “In their origins, punitive damages were a helpful auxiliary to state criminal Law.” The very nature of punitive damages appears to be an incomplete method of judging as it may punish the guilty at hand; it also fails to recycle the damage in a proper manner. The first issue at hand with punitive damages being rewarded to the victim of a certain case is figuring out how much is being rewarded. Drastic...
Words: 1194 - Pages: 5