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Read more about our science Assessing tobacco harm reduction 5 min read PMI rigorously assesses its smoke-free products to evaluate their harm-reduction potential compared with continued cigarette smoking

Executive bonuses are based on a lot of metrics, including: group volume share, new categories revenue, new categories contribution profit, group adjusted operating profit The long-term stock options are based on three-year hurdles for comparative TSR, EPS, group revenue, and cash flow conversion From an executive comp perspective, the only glaring red flag is the relative TSR

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Within a week, the FDA put out new rules that could let the big tobacco companies sell their own flavored products, a slice of the $6 billion e-cigarette market