The Watchtower & the cigarette company (page 4)

expatbrit

Scully, that's a great quote! (thanks Alan!).

I'm a bit P.O'd that it didn't show up on my CD search under the word "investing" though. Or maybe I just missed it. After all, they wouldn't deliberately leave out search results that no longer conform to their modus operandi, would they?....lol

On a side note, a poster correctly mentioned that Philip Morris underwent a reorganization in 2002. In April they decided on a group name change to Altria. The 990 return above is from April 2002, before the name change went into effect. Just a point to remember.

Conceivably, a JW could offer a defence that they are not investing in a cigarette comapny because the Philip Morris Group has other brands i.e.. Kraft. This doesn't hold water though, because Kraft is traded on Wall Street under its own symbol (KFT). If they wanted to avoid the taint of cigarettes, they could have just bought shares in Kraft. Instead, they have shares in a company overwhelmingly known for its tobacco products, which make up the vast majority of the overall group's brands and product. So, no slithering out on that one, methinks!

Expatbrit

p.s. Aztec, if you would like a copy of the whole 990 return to show your Mum, let me know, I can email it to you

Dansk

Isn't he the BESTEST??

Oh, I don't know

Dansk - of the mutual AlanF appreciation society!

Scully

expatbrit writes:

I'm a bit P.O'd that it didn't show up on my CD search under the word "investing" though. Or maybe I just missed it. After all, they wouldn't deliberately leave out search results that no longer conform to their modus operandi, would they?....lol

The CD ROM is a bit of a toad that way. I find it usually gives better results if you use the root word you're searching for. "Invest" instead of "investing", for example.

Love, Scully