Word: businessman
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Dates: during 1940-1949
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This made snow-haired Leo Crowley (ten years ago a relatively obscure Wisconsin businessman) the czar of all foreign economic dealings, which are the guts of foreign relations. Significantly Crowley will work with the State Department, but answers only to the President...
...Harriman is no playboy. He has worked on a section gang, was a surveyor, once worked as a fireman on the Union Pacific. Now U.P.'s chairman of the board, he is known as one of the most liberal of U.S. industrialists, is also known as a hardheaded businessman who has made (and sometimes lost) millions on flyers...
...Renegotiation of profits after taxes, instead of before. Their argument: no businessman or stockholder thinks a "profit" before taxes means anything...
...Even Businessman Jesse Jones joined the Army & Navy in opposing renegotiation after taxes. Their grounds: 1) it would make the Government pay industry's taxes, in effect, 2) would fail to distinguish between the profit that industry deserves on its own investment and what it should get on the investment of public funds (as in the case of Government-built factories). All Government witnesses, including the Treasury, came out flat-footed against allowing postwar reserves as a cost item in war contracts. Their reasons: 1) existing tax laws already allow for some postwar reconversion cost...
Decrees like these had Argentine citizens wavering between mirth and exasperation, as was a businessman who, working late one night, was visited by inspectors and ordered to go home. But there were other decrees on the more serious side...