Word: grossing
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Dates: during 1940-1949
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...M.G.M.'s fiscal year ending Aug. 31, 1941, Mayer raked in $704,426 for running the world's biggest cinema company. In the comparable Swebilius fiscal year, ending Nov. 30, 1941, Gus Swebilius paid himself $631,809. In the next twelvemonth Mayer increased his lead with a gross take of $949,765, but Swebilius was still second, with $499,148. (After taxes, minor tycoon Swebilius will have not more than $85,000 of his 1942 take...
Thirteen months ago the 15 nonoperating unions began seeking a blanket 20? an hour raise on the grounds that they were suffering under a "gross inequity" in wages (typical inequity: the average railroad employe gets 84? an hour; a shipyard worker...
...special board, set up by President Roosevelt to deal with the railroad men, recommended an 8? increase. This was torpedoed by Economic Stabilization Boss Fred Vinson. Vinson's decision laid down the policy that "gross inequity" was to be recognized only when the workers lived in "substandard conditions...
...children's coats, suits and dresses may carry a higher price level than his top line in a 1942 base period (usually March). The praiseworthy purpose: to keep low-priced goods of any kind in circulation. This blinks the unhappy fact that one hundred $20 dresses gross as much for any seller as 1,000 dresses at $2, but OPA hoped that the big low-price retailers most affected by MPR-330 would force their thousands of suppliers to continue to make and sell cheap merchandise...
...small manufacturer, caught be tween OPA and skyrocketing costs, can legally do one of two things, provided his gross margin fits OPA definitions. He can : 1) drop his low-priced lines and concentrate on the higher ones; or 2) if he has no higher ones, he can go out of business on his old lines, open up as a new company the next day. So can any shoestring retail er. The department or specialty store with many price lines is also unaffected : it can just drop the unprofitable low ones...