A. Reynolds Tobacco could try something called a limited fund, non-opt-out class action settlement.
Over the next few years, Reynolds Tobacco will make money.
Mr. Johnston, the new tobacco chief, had been with Reynolds Tobacco for five years before joining Citibank in 1984.
Far deeper changes are needed at Reynolds Tobacco.
Reynolds Tobacco is trying mightily to get its act back together.
"In the future, Reynolds Tobacco will better balance its sales to direct customers with consumer purchases of its products," the company said.
Over the next three years the foundation will provide $750,000 and Reynolds Tobacco an additional $250,000 of the school's $3.6 million budget.
In 2000, Reynolds Tobacco introduced Camel Turkish Gold, a nonmenthol cigarette.
By 1972 it was in second place and in 1983 it overtook Reynolds Tobacco, which had been the industry leader for the previous 25 years.
The final report inspired the CEO of Reynolds Tobacco to issue a call for industry-wide reforms.