Word: earn
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Dates: during 1970-1979
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Operating under the requirements of the 1978 Ethics in Government Act, official Washington and those who hope to become official Washington last week be gan disclosing their personal finances. Thousands more who will be required to report (nearly 11,000 earn more than the $44,756 that makes them eligible) took advantage of extensions granted by the Office of Government Ethics, set up to handle the disclosures. Among that group: President Carter and Vice President Mondale...
...past four years, the Federal Trade Commission has been investigating Amway on a variety of charges that include fixing the retail prices that its independent salespeople could charge, allocating sales territories and misrepresenting the amount of money that distributors could earn. Last July an administrative-law judge in Washington threw out most of the FTC'S charges, but found that Amway was guilty of fixing prices. Amway officials contended that the practice had been discontinued in 1972. The judge's decision pleased neither Amway's nor the FTC'S lawyers, and both filed appeals. A ruling...
...items are sold by "distributors," who are in effect door-to-door salespeople and earn a 30% profit on volume. Usually people with other jobs, they join Amway for extra income. They buy their wares from higher-level "direct distributors," who also sell door to door. Regular distributors are urged to become direct distributors themselves, and they do so by recruiting, training and supervising new salespeople. Though the direct distributor is not paid for signing up these recruits, he does make additional money by selling Amway products at a slight mark up to the distributors under him. To keep sales...
...Andel says that although top Amway salespeople can earn more than $100,000 a year, the majority, who may be housewives, retirees or even doctors or lawyers, probably make $50 to $150 a month. Though the result is a many-layered sales organization, it differs significantly from unscrupulous pyramid sales schemes like Glenn ("Dare to Be Great") Turner's Florida-based cosmetics operation, in which participants earned money by signing up new distributors rather than by selling the company's products...
...QUESTION REMAINS: why would anyone want to own one of Rocky's "clones." Rockefeller appeals to snobbery in his catalog. The reproductions will be "framed in a similar manner and by the same framer Mr. Rockefeller uses in his own home." When we buy one of his reproductions we earn the title of art collector...