Word: nabisco
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SMOKING? OR NONSMOKING? PEOPLE ARE OFFERED such a choice by restaurants and airlines. But now investors will be able to choose under a novel stock plan devised by tobacco and food giant RJR Nabisco. As part of a deal to raise $1.5 billion to reduce its $14 billion debt, RJR Nabisco will create two new classes of stock: RN-Reynolds, which will mainly represent the company's tobacco business, and RN-Nabisco, a proxy for the firm's food operations. RJR Nabisco is the nation's largest cookiemaker and the second biggest cigarette manufacturer...
...President-elect, in fact, seemed eager to guard his Administration in advance against any charge that it represents special interests. Some skeptics had already questioned Vernon Jordan's position as chairman of the transition, noting that Jordan is a director of cigarette-making RJR Nabisco, and wondering if he would help pick public health officials. Clinton answered firmly that he, not Jordan, would make those selections. On Friday the Clinton team announced unprecedentedly tough ethical standards for people working on the transition, and the President-elect is expected to follow this week with stricter rules yet for prospective Administration officials...
...asking the college to adopt a policy on accepting funds from "companies whose products we do not want our students using. "This concern, which apparently was shared by members of the administration, seems strange after decades of University investment in South Africa and such worthy causes as RJR Nabisco...
...Acme, the channel placates the impatient with news capsules and short features. The station, produced by a subsidiary of Turner Broadcasting, offers yet another outlet for CNN -- already visible in airports and movie theaters -- and has sold more than 80% of available airtime to advertisers like Coca-Cola and Nabisco...
Robinson's aggressive p.r. tactics have sometimes misfired. In the tangled fight for RJR Nabisco, she failed to soften the reckless bravado of client Ross Johnson in his abortive attempt to buy the food and tobacco company he headed. The defeat was a setback for her husband too. American Express's Shearson Lehman unit had bankrolled Johnson, and Jim Robinson had worked closely on the deal. More recently, she sought to portray Milken as a misunderstood benefactor of the poor. But the campaign had little impact on perceptions of the junk man, who is serving a 10-year sentence...