Word: deficit
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Dates: during 1940-1949
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...musicians offered to play a couple of nights without any pay to defray part of the added cost for all of the Met's 600-odd employees. Last week the directors said no. Then the board informed the press that "to increase [the] deficit by meeting further demands . . . would be imprudent to the point of irresponsibility." And with that, the board of directors called off the season. Said Opera Association President Charles M. Spofford: "I guess the unions just didn't take us seriously...
...known plenty of trouble, but none so serious as this. The Securities & Exchange Commission, which once before looked askance at the financial undercarriage of his snazzy, rear-engined automobile (TIME, July 7, 1947), was at him again. This time it took a dim view of his first annual report (deficit $5,651,208). The report, along with Tucker's stock registration statements, said SEC, "contained untrue statements of material facts and omitted to state material facts." SEC scrutinized everything from payments to officers to the very "nature of the business done and intended to be done...
...Eversharp closed its fiscal year with a $3,416,985.23 deficit because...
...hope of overcoming a $52 million transit operating deficit, New York City's Mayor O'Dwyer...
...just eleven months ago. Last week it looked as if Eversharp had gotten another kind of tearing-apart. Board Chairman Martin L. Straus reported that his company (which had had to borrow $3,000,000 to carry it through) had closed its fiscal year with a $3,416,985.23 deficit. The trouble: ball pens...