AMA divests itself of tobacco stock

The American Medical Association has sold about $1.4 million in tobacco stocks owned by its pension fund, a representative said. The stock in cigarette producers R. J. Reynolds Industries and Philip Morris was sold in recent weeks.

The AMA had been under pressure from some elements of its membership, including residents and medical students, to divest itself of the stock. They argued it was hypocritical for a medical group to own stock in cigarette manufacturers.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to AMA divests itself of tobacco stock
Read this article in
https://www.csmonitor.com/1981/0930/093016.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us