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...several years were not all real profits. Sales to foreign subsidiaries were billed at prices just under the U. S. market price, apparently for the purpose of letting the profit fall to the U. S. company at once to avoid high foreign income taxes. If all the razors and blades sold to subsidiaries had been resold to the foreign consumers at once, the profit would not have been overstated. Upon readjustment of the figures to a fully consolidated basis, accounts receivable shrank from $17,000,000 to $4,000,000 while inventories soared from...

Author: /time Magazine | Title: Business & Finance: Gillette Ratified | 12/1/1930 | See Source »

February 28. Boston News Bureau: "Public response to the new Gillette razor and blade has exceeded expectations by the management...

Author: /time Magazine | Title: Business & Finance: Price of Peace | 10/27/1930 | See Source »

...carburetors have benefited from his inventions. And inventors are still spurred on by the memory of the $300,000 George Eastman paid Inventor Gaisman in 1914-for his writing-on-film patent. But his most profitable inventions have been in the razor field. He has created processes for making blades, has designed blades and razors. In 1906 he founded AutoStrop Safety Razor Co. which soon became important in the industry. Its chief product was the Valet AutoStrop Razor. For years the relations between AutoStrop and Gillette were as between any two competitors. But last winter, as shavers great and small...

Author: /time Magazine | Title: Business & Finance: Price of Peace | 10/27/1930 | See Source »

January 14. Mr. Gaisman received further patents on his new blade, assigned them to Probak Corp...

Author: /time Magazine | Title: Business & Finance: Price of Peace | 10/27/1930 | See Source »

Probably never answered will be the question that the situation suggests: Did shrewd Inventor Gaisman plan from the first to use the Probak blade to force Gillette to buy AutoStrop? If so, he succeeded brilliantly, with only one considera ion not obtained: The greatest name in safety razordom is still King Camp Gillette, not Henry Jaques Gaisman...

Author: /time Magazine | Title: Business & Finance: Price of Peace | 10/27/1930 | See Source »

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