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1 person found this helpful  

Good Company with challenging products

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Manager  in  Richmond, VA (US)
Former Employee - Senior Manager in Richmond, VA (US)

I worked at Altria full-time for more than 10 years

Pros

Good stock performance and great dividend. Good Company with many resources. Good benefits. Altria sells a legal and what some people view as a "politically incorrect" product, they are all about social responsibility by doing the right things in marketing, selling and communicating about tobacco and wine products. Great training in many functional areas. Fiscally responsible.

Cons

General Comments - Altria is a top-notch company and requires the best, brightest and thick skinned to take on roles in their industry. Growing top line revenue comes from successfully increasing pricing with volumes remaining the same, selling more product and / or introducing new products. Lets' face it, tobacco (overall) is a declining industry, particularly here in the US. Cigarettes are their major source of revenue and income for Altria. While the company is most likely developing new products, these will not take the place (in revenues & income) anytime soon to offset the decline in cigarette volume. In order to increase top line revenue in the short term, the company needs to raise prices or price promote their products. Either of these negatively impacts the bottom line either by reducing volume or buying temporary share gains at a cost. To increase bottom line EPS, cost cutting is a major strategy which effects the pro mentioned above; Resources. Think of it this way, if you promote a 40 share brand vs. a smaller competitive brand with a 10 share, the 40 share brand needs to outspend the competition by 4 to 1 in that market place.

Just like anywhere (not just at Altria), depending on your direct reporting manager, they may have a tendency to have their favorite employee(s) and overlook their shortcomings. In some cases, need to be more politically astute vs. competent. Reflects in performance ratings, promotions and other internal career opportunities.

Also, most employees with 20+ years experience won't take risks (rock the boat) to drive the business forward. They do what it takes to get by (no more) in fear of losing their job / pension. Again, not solely an Altria issue, rather a sign of the economic times.

Advice to ManagementAdvice

Still have opportunity to consolidate positions and reduce headcount by eliminating non-essential work.. There is a considerable amount of "busy" type work and individuals trying to protect their jobs. There are several Managers and Directors rewarding these individuals. Employees are in fear of their jobs and will not take risks to move the business forward as in the past; even though Senior Management wants this to happen and encourages appropriate risk taking, some in middle management are fearful and discourage this behavior from employees. Wish you all the best in the company's endeavors; keep the stock price up and raising the dividend!

Recommends
Neutral Outlook
No opinion of CEO

Other Reviews for Altria

  1.  

    Wonderful company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Altria

    Pros

    Money, Culture, Company Car, Life Balance

    Cons

    Environment of the tobacco industry

    Advice to ManagementAdvice

    More Autonomy

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    upper management was disconnected from employees jobs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Altria full-time

    Pros

    as a sales manager you can work from home you don't have to travel to an office. However your territory may be far away

    Cons

    Poor upper mgmt. Promoting people too fast who don't know how to manage.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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