Philip Morris Quits

Philip Morris, Another Major Client, Fired Simon Marketing Too

Simon Marketing was yet to come over the fact of losing such a towering company when it faced another blow. Philip Morris, a prominent tobacco company too severed all kind of connection with the company. The firm just had lost 70 percent of its sale. If put together both the company used to give them the benefit of $768 million. So there is no denying the fact that the company had suffered a big loss. There were some who held the company responsible for its condition. One of them was fraud investigator Carl Pergola. Carl stated, “Where were the controls at Simon that would have prevented this?” The investigator further said, “That kind of position should be rotated every year. Jacobson had access to millions of dollars of the company’s money.”