Word: makes
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Dates: during 1960-1969
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Haack is no defender of the tradition of setting commissions so high that they enable even inefficient brokerage houses to make money and the most efficient ones to make barrels of it. Donaldson, Lufkin & Jenrette, a house that specializes in institutional orders, has consistently had a profit margin of 50% before taxes under this system. Individuals can make more money with less work on Wall Street than almost anywhere else in the economy. Some neophyte brokers earn commissions at a $50,000 annual rate within six months after graduating from a training course, and veterans fairly commonly make...
...Chicago, who has written a thesis on how airlines can increase their profit by carrying freight in off-hours, is entering business because "there is just a fantastic opportunity for a person who wants to do something with himself, wants to change things, while at the same time making himself economically free." He will join Metro-Goldwvn-Mayer, where he will start at about $17,000 as manager of planning, a job that will take him into all parts of the company. "I had the opportunity to go into several jobs where it would be pretty much my own ball...
...computers to do it. "The current system, under which materials are bought piecemeal, maximizes costs instead of profits," he says. "Building design can be programmed into a computer, and the more prefabrication you can accomplish, the less costly the building will be." He is so certain that he can make his company's profits go up that he persuaded the president to pay him, on top of his salary of $12,000, stock bonuses if the firm's annual growth rate exceeds...
...Cabot failed, announced last week that they are fitting out,the 115,000-ton tanker Manhattan as an icebreaker for a pioneering-and perilous-test run through the long ice-choked Northwest Passage to the Arctic next month. Denver's King Resources Co., wagering that the Manhattan will make it, has drafted plans to build a deep-water port in Maine's Casco Bay. That port is even closer to the North Slope than Seattle is. No Alaskan oil is expected to be delivered to any of the "lower 48" states before 1972 at the earliest...
Meyer's stern philosophy, applied to 16 nudie films, has helped make him one of the most successful independent film makers in Hollywood. His first movie, The Immoral Mr. Teas, was made for $24,000, but when it brought in over $1,000,000 Meyer, a former industrial film cameraman, found himself on top of the bottom of the business...