4:02 PM EST, February 16, 2012
The president and chief executive officer of Consumer Reports will speak Thursday night (February 16) at Virginia Tech.
Jim Guest's speech is titled "How to be a Smart Consumer and Engaged Activist in the 21st Century."
Guest is the inaugural speaker for the Alfred and Shirley Wamper Caudill Lecture in Consumer Affairs.
Before his speech, Guest spoke to reporters in Roanoke.
He talked about the success of Consumer Reports, a magazine that has been around since 1936.
Consumer Reports tests and evaluates 3,500 products every year. They have more than eight million subscribers through its publication and website.
"We actually have secret shoppers around the country who go out and buy the products. Nobody knows. The person who is selling it doesn't know it's going to be tested by Consumer Reports," said Guest.
Guest says he will talk about a variety of subjects like credit card debit and the importance of social media sites like facebook.
"You saw it when Bank of America wanted to start charging a $5 fee for people using debit cards. About a week or two weeks that ended," said Guest.
Guest's speech is free and open to the public.
There will be a question and answer period.
It takes place at 7:30 P.M. in the Graduate Life Center auditorium at Virginia Tech.
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