Tobacco Documents Online

The Johns Hopkins Un-11/ersity VVilGom E. Snow, Jr. Bakimore, Morybnd 212 18 Treau,rer Deoember 4, 1990 (301) 33&8120 Dr. Harold Brown Chairman, Fbreicgn Policy Institute Rome 708 Paul Nitze School of Advanoed International Studies 1740 Ma_Ssachu.setts Avesnue, N.W. Washiix3tort, D. C. 20036 Dear Dr. Biro4m: I t3rught you would be interested in ]anawing about ani a a of the Tnzstee Ommittee on Tot~aocro Stock Divestme~tt t~d~ich is sdheduled for: Mcxx3ay, Deaeobe.r 10, 1990 4:30 p.m. Cbnfer+enoc. Roam C Garlarid Iiall. Haaeaood Attached for yas infonmation is the agenda as well as a list of Tnustees who are expected to attend. As you can see frcm the agenda, representatives of senior maragement at Philip Morris will be making a pmesertatian at the meetinq. Mr. Morris pffit, Cha.izman of the Board of TnLstees, arranged t-hnxr3h Mr. GearVe Weissman to have them invited to the meeting. By way of bac}agramd, the C=nittee ai Tc.ibaooo Stock Divestment was est,ablisbed by the Board in response to a re:solution passed by the pnivp.xsity's Public Interest Investmenct Advisory Carmitt+ee (P'mC').The sesolution asloed that the Board of Tnustees divest the endowment poortfolio of stock of ocnparsies that marufac-caaam tobaooo products. The PIIAC is a oarmittes of five faonlty membe*-s, six stvcierrts, and two actninistratoss which was originally fanned in 1972 to advise the President on how to Cast the IInivexsity's votes an shar+~x~lder resolutions on matters "of social resparLsibility. The issue of the University's holding stock of cc%mnies in the Hrdowme.nt Investment Pool arose in the oaxtext of several pr,oocy resolutiatis directed at Philip Morris, American Brmx9s and I,oews. One of the resolutions asked that the three oa:panies stop producfnq tob~~oc~o products by Deo®ber 31, 1999. Another resolution directed at Philip M=rjs dealt with sales and advertising of tobaooo products to minors. N O ~ W N ~11 W ~ ~

Dr. Harold Brown December 4, 1990 Page 2 Zhe PTIAC resolution stated that Jothns Hopkins University, as the world's premier bicmedical health re.searnc center, has a mission to disc,wer and oasnmicate scientific evidenoe to benefit public health. The resolution maintained that smddrq has been determined to be the most inQortant preventable factor eantributirxq to illness, disability ana death. It concltx3ed that the University's divestment of tobaooo--relatsd stocks wotild be an opportunity to take a stand that it will not profit fraa tcbaoco and its dangers, and that such divestment by the University wculd reaffinn its cxmaitment to prcmatinq public health. If you have arYy questicgis reganlinq the qoaninq meeting or the baclac;ruad of the issue, please call me. S ityoerely, oc: Mr. Offit Dr. Richardsat Mr. Sunshine