Word: cash
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Dates: during 1960-1969
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...practices of the dominant com pany in a German combine damage the profits of a subsidiary company, the dominant company will have to protect the subsidiary's stockholders by guaranteeing them a fixed dividend or reimbursing them with stock or cash...
...monetary unit, and use Charles de Gaulle himself as the reserve asset. Instead of the gold outflow, we would have the De Gaulle outflow. And, since De Gaulle would be allowed to say whatever he pleased, wherever he were stationed, it is doubtful that many countries would cash in their extra currency...
Quant & Mitzou. Under J. C.'s rule, 96% of Penney stock was in soft goods, cash was the key word, and Penney's familiar black and mustard-yellow signs were small-town landmarks. In Penney's new-look stores, 25% of the space is given over to such fast-moving and profitable hard goods as TV sets and washers; this year the company will move into plumbing supplies, nursery stock and musical instruments. The chain now has 5,500,000 charge-account customers who last year accounted for 30% of sales; moreover, it has opened 405 desks...
...completed. This year Penney will build eight more stores that will average three times the space of stores opened five years ago, will relocate 26 stores and add 53 auto centers. In one Penney tradition that continues, the $40 million program will be financed out of cash reserves. By 1970, instead of being obsolete, Penney should be half again as big as it is now. Far from resenting the new look, J. C. Penney likes it so much that he plans a 100th birthday party eleven years from now to coincide with what he expects will be the chain...
...years old, earns $25,000 a year, and has completed more than two years of college. Nearly two-thirds of Continental owners are managers, proprietors or professional men. Even more impressive: although Continentals can cost as much as $8,500, 81% of the customers pay for them in cash...