Word: investers
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Railroads are built for men who invest their money and expect to get a fair percentage on the same...
...last week, the original $650,000 was down to $450,000, which had been given to a second Zurich bank to invest in stocks. It is said that Irving is now frantically trying to raise $200,000 in order to replace the money that has been spent, should he be required to refund it to McGraw-Hill. The fact that the money remains in the Irvings' accounts is one of the best arguments against the theory that an impostor posing as Hughes duped Irving; presumably such an impostor would long since have absconded with the money...
...higher exploration costs, the average return of the seven largest international oil companies on the net worth of their Eastern hemisphere facilities fell from 14.1% in 1960 to 11.2% in 1970. The squeeze is so severe that the cash-hungry companies may urge the cash-heavy countries to invest in refineries, pipelines and tanker terminals in Europe...
Chances that Paid. Sarnoff's special gift was that he was not only a visionary but also a hustling salesman who could persuade scientists and capitalists to invest their brainpower and money to make his own dreams of the future come true. As a teenager, he taught himself telegraphy and talked his way into an operator's job at the Marconi Wireless Telegraph Co. of America. A classic tragedy gave him a big break; the Titanic sank in 1912, and Sarnoff stayed at his key for 72 hours in New York, relaying the news to the world...
...company was bought from its British owners after World War I by General Electric, which changed its name to Radio Corp. of America. Sarnoff became general manager and, during the 1920s, persuaded its reluctant owners to invest in a series of chancy schemes. His restless drive led RCA to mass-produce home radio sets, to set up a broadcasting network (NBC) and to make the company's first tentative steps into television. By 1932, when the trustbusters forced the company's owners to spin off RCA, Sarnoff had been president for two years. He led by sheer force...