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The idea to use the cowboy image came to Leo Burnett (Philip Morris executive advertising director) in 1949 when he came across pictures in Life magazine taken by Leonard McComb and the story of Texas cowboy Clarence Hailey Long

Expanding economic development among minorities and women is one fundamental way that their lives can be improved [but] our interest in minorities and women is not limited to the economic sphere

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Diversification Benefit: Low correlation with IT, pharma, and banking sectors helps balance portfolio risk