2018 Altria Group Annual Shareholders Meeting – A Time of Transitions
By Edward L. Sweda, Jr., Senior Attorney It became clear in the months leading up to the May 17th Annual Shareholders Meeting for Altria Group that 2018 would be a time for change for the company. In January, Chairman, CEO and President Martin Barrington publicly announced his intention to retire due to the approach of […]
Snowflakes Are Found in 84 Degree Richmond: The 2017 Altria Group Annual Shareholders Meeting
By Edward L. Sweda, Jr., PHAI Senior Attorney As I approached the Greater Richmond Convention Center on the partly cloudy morning of Thursday, May 18, 2017, thoughts of sub-freezing temperatures and snowstorms never entered my mind. But, before the morning gave way to the afternoon, I realized that I had just seen dozens of snowflakes. As […]
Spending 45 Minutes with 80 of My Fellow Altria Shareholders
by Edward L. Sweda, Jr. As soon as Altria Group, Inc. Chairman, CEO and President Martin J. Barrington opened the 2016 Annual Shareholders Meeting, he boasted that 2015 had been “another terrific year.” The “excellent business results” included dividends increasing by 8.7% (to $4.2 billion) and a shareholder return of more than 23%. Marlboro, with […]
May 5, 2016 – a RAIny day in Winston-Salem
By Edward L. Sweda, Jr. When Reynolds American International (RAI) President and CEO Susan M. Cameron told the company’s 2016 annual shareholders meeting that it is “always a pleasure to report good news,” this shareholder was reminded of a similar message: “Alive with Pleasure.” That ubiquitous advertising slogan for Newport cigarettes […]
Under An Hour: My Time at the 2015 Altria Group, Inc. Annual Shareholders Meeting
By Edward L. Sweda, Jr. There are 8,760 hours in any given year (excluding leap years). The management of Altria Group, Inc. used just under one of those 8,760 hours to conduct its 2015 Annual Shareholders’ Meeting at the Greater Richmond Convention Center in Richmond, Virginia on the morning of May 20th. The meeting began precisely […]
R.J. Reynolds’ Shareholder’s Report from Winston-Salem: A “Good Year,” a Proposal to Merge and a Death Toll that Must Not Be Acknowledged
By Edward L. Sweda, Jr. Like clockwork, the 2015 Reynolds American (RAI) Annual Shareholders Meeting started precisely at 9:00 A.M. on Thursday May 7, 2015 at the company’s headquarters in Winston-Salem, North Carolina. Seventy-five minutes later, the meeting was adjourned. Before I could attend the meeting, I had to proceed through intense security, with machines […]
The Reynolds American, Inc. 2014 Annual Shareholders Meeting: Change of CEO, change of demeanor, “Transformation” to the status quo.
By Edward Sweda As I entered the Reynolds American Corporate Offices (photo) at 401 North Main Street in Winston-Salem, North Carolina just after 8 A.M. on Thursday, May 8, the company’s “Welcome Shareholders” sign was perched directly above the building’s main entrance. Having cleared through the metal detector, I proceeded to […]
An hour with Altria Group, Inc.
By Edward Sweda Opening the company’s 2014 Annual Shareholders Meeting at precisely 9:00 A.M., Martin J. Barrington, Chairman and Chief Executive Officer of Altria Group, Inc., had plenty of good news to report to shareholders who had assembled at the Greater Richmond Convention Center on the morning of Wednesday, May 14. During his report on […]
2013 Altria Group, Inc. Annual Shareholders Meeting: Politely conducting business as usual
By Edward L. Sweda, J.D. In sharp contrast to the manner in which management at Reynolds American, Inc. conducted its annual meeting of shareholders a week earlier, Altria Group, Inc.’s Chairman and Chief Executive Officer Martin J. Barrington treated everyone at the May 16th meeting in Richmond, Virginia with courtesy and politeness. Barrington began his presentation […]
The 2013 Reynolds American, Inc. Annual Shareholders Meeting: orders, points of order, “out of order” and ordered out!
By Edward L. Sweda, J.D. As the hour of 9:00 A.M. approached on May 9, 2013, the date of Reynolds American, Inc.’s (RAI) Annual Shareholders Meeting in Winston-Salem, North Carolina, the atmosphere seemed more contentious than in previous years. In addition to the tight security that included […]
