Interesting business model
June 5th, 2009
“The study highlights U.S. insurance company Prudential Financial Inc., who has $246.3 million dollars invested between three tobacco companies, including Reynolds America and Philip Morris.”
So the insurance invests in tobacco, tobacco invests in advertising, people invest in cigarettes, cigarettes cause cancer, people go to hospital, people need insurance.
OTOH, I would think that the insurance companies would make more money overall by keeping people healthy (since then they get the premiums without having to pay anything out). So… what’s it about.
