net revenues of $2.25 billion. Despite the mounting political pressure to control tobacco sales and discourage tobacco use, Reynolds’s directors reported records for sales, revenues, and earnings, and the continuation of its seventy-year record of uninterrupted dividends to its stockholders. “Tobacco,” they concluded, “remains a good business.”79 Protecting that business—against regulation, punitive taxes, FDA control, and, especially, lawsuits—became a growing concern.80 Although 125 lawsuits related to health impairment were filed against the tobacco industry between 1954 and 1979, only nine
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