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RJR chief says tobacco deal 'dead'

Published on .

Any tobacco deal with Congress is "dead" and "broken beyond repair," RJR Nabisco Holdings Corp. CEO Steven Goldstone said today in a speech to the National Press Club in Washington. He said RJR, possibly with the help of other tobacco marketers, is planning a grass-roots campaign targeting higher tobacco taxes and issues of individual liberty raised in congressional efforts to curb smoking. Mr. Goldstone said he doesn't expect Congress to enact a new tobacco law and accused lawmakers of "playing the politics of punishment" by being more interested in political expediency and "acting tough" than getting any real agreement.

Copyright April 1998, Crain Communications Inc.

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