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In addition to the money, it
contains some important concessions: a ban on outdoor
advertising, limits on sports sponsorships and merchandising, no
more "product placement" in movies, and they have to close the
Tobacco Institute and other instruments. And Joe Camel - along
with all other cartoon characters - is gone for good.
Yet this did not hurt the tobacco industry's ability to
sell cigarettes. On Nov. 20, the day the attorneys general
announced the settlement, the stock of the leading tobacco
companies soared. After all, the Big Four tobacco makers will
pay only 1 percent of the damages (at most) directly; the rest
will be passed on to smokers through higher prices...
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