Tobacco Documents Online

CORPORATE MANAGEMENT COMMITTEE DISTRIBUTION LIST G. C. Bible A. G. Buzzi W. I. Campbell W. Dunn C. L. Fuller M. S. Goldberg L. J. Goldstein J. M. Keenan R. P. Mayer M. A. Miles R. W. Murray H. G. Storr J. J. Tucker

PHILIP MORRIS COMPANIES INC. INTER-OFFICE CORRESPONDENCE 120 PARK AVENUE, NEW YORK, N.Y. 10017 To: Corporate Management Committee Date: April 7, 1992 From: Murray H. Bring -7_'' Subject: DIVESTMENT - STANFORD UNIVERSITY Last month, we received a letter from Stanford University, indicating that they were under pressure to consider divesting their tobacco stocks, but expressing a preference for engaging in a dialogue with us on our marketing practices. Prior to receiving that letter, I had had a conversation with the President of Stanford's Board of Trustees, who is an old friend, and he advised me that there was no possibility that Stanford would divest. However, he said they are under some pressure to do something, and he and I both agreed that opening a dialogue would be the appropriate course of action. Accordingly, I believe it is that conversation that led to the attached letter. Jack Nelson and I have now prepared a reply which is attached hereto. My guess is that this reply will lead to a further request for a meeting, which I would plan on attending, along with someone from PM U.S.A. cc: D. Bartlett M. Firestone J. Nelson C. Wall