R. J. Reynolds tobacco company Nabisco stock certificate ( RJR Holdings Corp. )

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Seller: oldstockyard ✉️ (8,881) 99.2%, Location: Saint Augustine, Florida, US, Ships to: WORLDWIDE, Item: 111775808284 R. J. Reynolds tobacco company Nabisco stock certificate ( RJR Holdings Corp. ). Old Stock Yard Collectible Stock and Bond Certificates
RJR Holdings Group Inc. (RJR Nabisco) Original bond certificate Issued in the 1980s Attractive certificate with beautiful vignette which shows Nabisco products at left More information on RJR's history: R. J. Reynolds Tobacco Company (RJR) , based in Winston-Salem, North Carolina and founded by R. J. Reynolds in 1874, is the second-largest tobacco company in the U.S. (behind Altria Group). RJR is an indirect wholly owned subsidiary of Reynolds American Inc. which in turn is 42% owned by British American Tobacco. Early history The son of a tobacco farmer in Virginia, R. J. Reynolds sold his shares of his father's company and ventured to the nearest town with a railroad connection, Winston-Salem, to start his own tobacco company. He bought his first factory building from the Moravian Church and established the "little red factory" with seasonal workers. The first year, he produced 150,000 pounds of tobacco; by the 1890s, production had increased to several million pounds a year. The company's factory buildings were the largest buildings in Winston-Salem, with new technologies such as steam power and electric lights. The second primary factory building, built in 1892, is the oldest Reynolds factory still standing and was sold to Forsyth County in 1990. At the beginning of the 1900s, Reynolds bought most of the competing tobacco factories in Winston-Salem. The company produced 25% of America's chewing tobacco. 1907's Prince Albert chewing tobacco became the company's national showcase product, which led to high-profile advertising in New York City's Union Square. The Camel cigarette became the most popular cigarette in the country. The Reynolds company imported so much French cigarette paper and Turkish tobacco for Camel cigarettes that Winston-Salem was designated by the United States federal government as an official port of entry for the United States, despite the city being 200 miles inland. Winston-Salem was the eighth-largest port of entry in the United States by 1916. In 1917, the company bought 84 acres of property in Winston-Salem and built 180 houses that it sold at cost to workers, to form a development called "Reynoldstown." At the time Reynolds died in 1918 (of pancreatic cancer), his company owned 121 buildings in Winston-Salem. He was so integral to company operations that executives did not hang another chief executive's portrait next to Reynolds' in the company board room until 41 years later. Reynolds' brother William Neal Reynolds took over following Reynolds' death, and six years later Bowman Gray became the chief executive. By that time, Reynolds Co. was the top taxpayer in the state of North Carolina, paying $1 out of every $2.50 paid in income taxes in the state, and was one of the most profitable corporations in the world. It made two-thirds of the cigarettes in the state. Reynolds Co.'s success during this period can also be measured by the concurrent success of many Winston-Salem companies which received large amounts of business from Reynolds: Wachovia National Bank became one of the largest banks in the Southeast, and the company's law firm Womble Carlyle Sandridge & Rice became the largest law firm in North Carolina. Reynolds diversified into other areas, buying Pacific Hawaiian Products, the makers of Hawaiian Punch, in 1962, and Del Monte Foods in 1979.
Recent history R. J. Reynolds merged with Nabisco Brands in 1985 to form RJR Nabisco . In 1987, a bidding war ensued between several financial firms to acquire RJR Nabisco. Finally, the private equity takeover firm, Kohlberg Kravis and Roberts & Co (commonly referred to as KKR) was responsible for the 1988 leveraged buyout of RJR Nabisco. This was documented in several articles in The Wall Street Journal by Bryan Burrough and John Helyar. These articles were later used as the basis of a bestselling book, Barbarians at the Gate: The Fall of RJR Nabisco, and then into a made-for-TV film. As a result, in February 1989, RJR Nabisco paid executive F. Ross Johnson US$53,800,000 as part of a golden handshake clause, the largest such deal in history at the time, as severance compensation for his acceptance of the KKR takeover. He used the money to open his own investment firm, RJM Group, Inc. In 1999, R. J. Reynolds was spun out of RJR Nabisco. The same year, the company sold all its non-US operations to Japan Tobacco, which made those operations into its international arm, JT International. Consequently, any Camels, Winstons or Salems sold outside the US are nowadays actually Japanese cigarettes. In 2002, the company was fined $15m for handing out free cigarettes at events attended by children, and was fined $20m for breaking a 1998 agreement between tobacco companies and 46 states, which restricts targeting youth in its tobacco advertisements. In October 2002, the European Community accused R. J. Reynolds of selling black market cigarettes to drug traffickers and mobsters from Italy, Russia, Colombia and the Balkans. On July 30, 2004, R. J. Reynolds merged with the U.S. operations of British American Tobacco (operating under the name of Brown & Williamson). A new parent holding company, Reynolds American Inc., was established as part of the transaction. In May 2006 former R. J. Reynolds vice-president of sales Stan Smith pleaded guilty to charges of defrauding the Canadian government of $1,200,000,000 (CDN) through a cigarette smuggling operation. Smith confessed to overseeing the 1990s operation while employed by RJR. Canadian-brand cigarettes were smuggled out of and back into Canada, or smuggled from Puerto Rico, and sold on the black market to avoid taxes. The judge referred to it as biggest fraud case in Canadian history. Since 2006, R.J. Reynolds has been the subject of a Farm Labor Organizing Committee (FLOC) campaign to reduce the exploitative nature of its tobacco procurement system. FLOC's goal is to meet with Reynolds executives, growers, and workers in collective bargaining to improve farmworkers' pay and living conditions. Although there are many layers of subcontractors within the procurement system that seemingly absolve Reynolds of responsibility, FLOC asserts that its executives have the ability to make changes within the system due to their wealth and enormous power. Despite repeated refusals to meet from CEO Susan Ivey, FLOC continues the campaign against R.J. Reynolds Tobacco Company. ~Information from Wikipedia
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