Word: inc
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Dates: during 1960-1969
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...Army. Walking up one flight of stairs, he recalls, was a major effort, exiting from a cab became a three-minute ordeal. Now life is considerably lighter and brighter for Bostwick: in ten months he has shed 170 lbs. How? By belonging to Weight Watchers Inc., an organization that is making such dramatic reductions commonplace...
Founder of Weight Watchers Inc. is Jean Nidetch, 43, a New York City housewife who in 1963 weighed 214 lbs., but still found herself cheating on her reducing diet. She invited six fat friends over to talk about it, came out of the gathering convinced that group therapy was the answer. She has since slimmed down to 142 lbs. (her husband Marty has gone from 265 lbs. to 196 lbs.), and she estimates that 500,000 members in 16 states have lost more than 10 million lbs. since she established Weight Watchers Inc...
...taxpayers last week greeted April with understandable melancholy. By the 17th of the month (the 15th falls on Saturday this year), they must part with something near and dear to each of them-money. This year, according to the Tax Foundation, Inc., a nonprofit study group, the average American family will fork over $3,300 to federal, state and city tax collectors. That is $269 more than the median family in come in 1947. Overall, the foundation predicts, U.S. individuals and companies will hand out $203 billion, better than double the amount of fiscal...
...company that Kansas-born Louis L. Ward took over in 1960 was pretty much of a hand-to-mouth business-a predicament even for a candymaker. It was doubly embarrassing because Russell Stover Candies, Inc., happened to be one of the U.S.'s biggest manufacturers, wholesalers and retailers of quality chocolates. As president and chairman, however, Ward, 46, has worked wonders. Profits have increased by over 500%, and last week Ward announced record six-month earnings of $3,600,000 on sales of $26.7 million...
Less Derring-Do. That nice price reflects the fact that the agency, presently known as Pinkerton's Inc., is profiting from the growing demand for unblinking private police services. Revenues last year reached $71,379,000 and profits were $1,936,000, owing less to derring-do involving rustlers and train robbers than to routine protection services for industrial plants and exhibitions. The return was particularly significant because it exceeded special revenues of the previous two years when Pinkerton, under the largest single contract ever negotiated by a detective agency, provided as many as 4,500 people...