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Juul Labs CEO to Step Down

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Re: Juul Labs CEO to Step Down

#21
post #6

And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.

Not just some employee, but "chief growth officer at the Marlboro maker"...

Technically he worked for "Altria" ... surely a better name than Cancer Stick Inc.

Re: Juul Labs CEO to Step Down

#22
post #11

I get how this is happening and is independent from other things going on in the world... But what is the deal with all these CEO's stepping down?

Confirmation bias? Better access to information?

Could be, looking at my usual business news site, they got 4 stories about CEO's resigning. Very atypical, but could just be part of a abnormally on a normal distribution.

Re: Juul Labs CEO to Step Down

#23
post #20
post #15

Earlier quoted context omitted.

Next up: regulatory capture. Vaping right now is super cheap because of all the options from different companies. So what's a multibillion dollar international conglomerate to do? Well, make the little guys go away with onerous regulations, of course. It's the American Way™.

Making pure ingredients compliant with good manufacturing process is expensive. It has lots of redundancy and things on the outside we consider waste. But experience tells us all these measures are necessary to ensure we get what we expect to get when we buy products that can cause great harm if incorrect.

> when we buy products that can cause great harm.

Re: Juul Labs CEO to Step Down

#24

And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.

The public should probably feel a bit better about having a tobacco veteran who knows better than to get the bosses in trouble by deliberately market to kids. Juul's former CEO took the startup strategy: disruptfluence the vape market by winnovating a "let's just sell them in high schools directly" strategy.

Re: Juul Labs CEO to Step Down

#25

I get how this is happening and is independent from other things going on in the world... But what is the deal with all these CEO's stepping down?

It’s a great way to say “oh, this is so bad, we’ve gotten rid of the horrible man who was responsible!” while also changing absolutely nothing.

Re: Juul Labs CEO to Step Down

#26

And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.

All the 'big names' companies like 'Juul' and 'Blu' are heavily invested in by 'Big Tobacco'. These are the companies you see in gas stations and convenience stores across the America.

But these big companies can't compete with all the Vape Shops that are insanely popular and are everywhere.

This is why there is just a big hubbub over regulation and the deaths over black market Marijuana cartridges. These massive corporations can afford to deal with things like FDA certification of flavors and such things.

Were as the small companies, that make up the bulk of the vape market, cannot. So they will get pushed out of the market and 'big tobacco' will be the only ones that are allowed to sell in the USA. They really don't care if they have bad names and are used as targets by the regulators when they are going to be the only ones allowed to sell to the public.

Governments are going along with this because tobacco is a massive tax base. They can't regulate small business and internet sales in the same manner they can regulate and tax a small number of massive corporations.

https://en.wikipedia.org/wiki/Regulatory_capture

According to 'Lung Cancer Fact Sheet' there was a estimated 154,000 Americans that would of died to lung cancer in 2018. Tobacco smoking contributes to all types of cancer.

This is why Vaping, which should cut these lung cancer rates by over 95%, is one of the most important public health break-throughs in recent memory.

If allowed to continue to exist in the way it is now it should do more to cut down on cancer deaths then billions of dollars in medical research spent in the past 20 years.

People have found that vaping is massively more effective at helping them to quit smoking compared to patches, gum, or any other medical-grade nicotine delivery method. It's extremely cheap, it's effective, and it's safe and has none of the side effects associated with any other type of drug being sold by doctors to help people quit.

And yet you have politicians now scrambling all over each other to flush this miracle down the toilet to protect their tax revenue and help out 'Big Tobacco'.

And when you look close at the facts behind 'vaping deaths' it's pretty obvious that these are related to drug prohibition more then anything else. These are deaths that are massively contributed to by regulation. If people bought those cartridges from gas stations or vape shops they would still be alive, but they couldn't because they were illegal in their states.

Re: Juul Labs CEO to Step Down

#28

And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.

The public should probably feel a bit better about having a tobacco veteran who knows better than to get the bosses in trouble by deliberately market to kids. Juul's former CEO took the startup strategy: disruptfluence the vape market by winnovating a "let's just sell them in high schools directly" strategy.

Falsely claiming that Juul was selling their products directly to high schoolers inside high schools isn't a very strong argument.

Edit: I agree examples cited below arguably constitute selling.

That said, if this is what parent was referring to, would likely have been better to say so since this isn't what selling implies when stated without any qualifier.

Re: Juul Labs CEO to Step Down

#29
post #5

Also, (forgive me if I get the jargon wrong here...) isn't the vaping health crisis the article mentions due to sketchy THC vaping solutions that have Vitamin E oil in them? Not Juul's nicotine stuff? I.e. because THC isn't water-soluble, it has to be suspended/dissolved in some oil-based thing. Lipids + lungs = BAD.

Regulatory crackdown was probably spawned by the deaths caused by bad THC solvents. But while regulators peruse the industry they found that nicotine vapor companies like Juul had plenty of their own misdeeds.

That's not how I see it. Regulators started cracking down on JUUL a couple years ago and drove the value of the company down until Phillip Morris bought 35÷. Then they backed off until JUUL started losing market share to the new generation of refillable vapes that use nicotine salt like the JUUL system. The difference? JUUL pods aren't meant to be refilled, and 4 pods with a total of 2 mL of juice will cost $20 in most states. With a refillable system, you can have 30mL of the same strength juice for $20.

So, here come the regulators again to protect big tobacco. They want strict controls on who can manufacture juice. Less competition =more profit. JUUL only has a handful of flavors compared to the thousands of alternatives. So, here come the regulators to limit the flavors. And surely it's just a coincidence that the one flavor they really want to limit it to is tobacco, Phillip Morris's bread and butter.

If you've been vaping a cucumber rosehips menthol juice every day, cigarette will taste like absolute shit. But if you only have the option of vaping tobacco flavored juice? Well, then a cigarette might not sound so bad.

Sure, I agree that JUUL hasn't been an angel, and probably are guilty of marketing to kids. But that all started being investigated well before the tainted THC carts started making people sick.

Re: Juul Labs CEO to Step Down

#30

Earlier quoted context omitted.

The public should probably feel a bit better about having a tobacco veteran who knows better than to get the bosses in trouble by deliberately market to kids. Juul's former CEO took the startup strategy: disruptfluence the vape market by winnovating a "let's just sell them in high schools directly" strategy.

Falsely claiming that Juul was selling their products directly to high schoolers inside high schools isn't a very strong argument. Edit: I agree examples cited below arguably constitute selling. That said, if this is what parent was referring to, would likely have been better to say so since this isn't what selling implies when stated without any qualifier.

https://www.nytimes.com/2019/07/25/health/juul-teens-vaping....

> In April 2017, a Juul representative visited the Dwight School in New York City to meet with students — with no teachers present — and told them the company’s e-cigarettes were “totally safe.”

> Other schools across the country were offered $10,000 from the e-cigarette company for the right to talk to students in classrooms or after school.

> In Richmond, Calif. last year, Juul gave the Police Activities League $90,000 to offer the company’s vaping education program “Moving Beyond” to middle school and high school students who faced suspension for using cigarettes.

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