Tobacco Settlement Pullout

Mr. Goldstone spoke about the tobacco industry perspective on proposed congressional tobacco legislation. He said that after the changes made to the settlement reached with the attorneys general, there was no chance of reaching a comprehensive settlement. He stressed that this new legislation would not allow tobacco companies to continue to exist. He also said that his company would continue to bring the limits on personal freedom and the tax increases in this legislation before the public. After his remarks, he took questions from the audience.