Phillip Morris

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Phillip Morris is one of the world's largest tobacco corporations. It is a component of the Dow Jones Industrial Average and S&P 500.

On January 27, 2003, Philip Morris Companies Inc. changed its name to Altria Group, Inc. On March 30, 2007, a spin out of Kraft Foods subsidiary (publicly traded since 2001) was concluded through distribution of the remaining stake of shares (88.1%) to Altria shareholders. As a result, Altria no longer holds any interest in Kraft Foods.

Tobacco

Philip Morris is the world's largest commercial tobacco company by sales. Their flagship, Marlboro, is the world's most popular tobacco brand. Other popular tobacco brands owned by Philip Morris are Parliament, Virginia Slims, and Benson & Hedges.

Phillip Morris and tobacco initiatives

Phillip Morris has donated significant sums of money to defeat smoking ban ballot measures and to defeat new tobacco taxes proposed through ballot measures.

In 2007, Phillip Morris is a major donor to "Stop the Measure 50 Tax Hike," an organization that is opposed to passage of Measure 50. Measure 50 would impose an additional cigarette tax of 84.5 cents.

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