Word: net
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Dates: during 1940-1949
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...discovered that the Army permitted corporations to make "exorbitant profits" out of Government contracts (he cited as examples Manufacturers Jack & Heintz of Cleveland who, in one year, showed earnings of 1.740% on capital stock; High Standards Manufacturing Co., which, "with a capital and surplus of $65,660 showed a net profit after taxes and after depreciation in 1942 of $1,888,918," plus $1,500,000 for a "management...
...basis of this varied testimony the committee wrote a report which 16 of its 22 members signed (one objected, five hung on the fence). Its net...
...Last week, Pan Am canceled the deal. Reason: Pan Am's stock was up to 28, higher than even Pan Am's smart Juan Trippe had expected. Atlas will buy 100,000 shares at $16, under the escape clause of its Pan Am agreement, and thereby net a profit of $1,200,000. This is the price Pan Am pays for its lesson in bull markets. But Atlas loses its option-and a possible profit of $2,400,000. In the present market, Pan Am thought itself well out of the deal...
...Service instead. But U.P. and I.N.S. also make costly demands: in 26 U.S. cities, a new publisher would have to pay off heavily to his established rival-no matter which one of the three big wire services he bought. Said Justice Hugo Black (who wrote the majority decision): "The net effect is seriously to limit the opportunity of any new paper to enter these cities . . . and to frustrate the free enterprise system which it was the purpose of the Sherman Act to protect...
...thorny. A firm must get licenses to make almost anything; it must find manpower, which will be short till the Japanese war is over; and its products will come under rigid price control. Further, it must be prepared to pay the British income tax, currently 50% of net profits, along with an excess-profits tax (100% for an established company, 90-92% for a new company). There is also a personal surtax "at heavy graduated rates" for executives...