Word: net
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Dates: during 1940-1949
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Profit & Loss. I.T. & T.'s report showed consolidated net earnings for 1942 of $2,142,545 v. a $193,218 loss in 1941. The debt-ridden parent holding company still showed a net loss of $1,021,537 v. a $2,568,862 deficit the year before. After three years of a war which seemed to be conducted on the principle of overrunning I.T. & T. properties one by one, the 39-page report showed that just about every thing bad that could hit the company had already hit. The only...
...Next summer, extension of the Big Inch to New York and Philadelphia will bring in 300,000 bbl. a day (a net addition of only 200,000 bbl., because tank cars now hauling from the Big Inch terminal at Norris City, Ill. must then go all the way to Texas). By next winter a second pipeline from Texas will add 110,000 bbl. (net), in 1944 will deliver still more...
...net result of this consternation piece was that: 1) Americans at large believed that an invasion of Australia soon was possible; 2) Australians believed that a rapid and immediate increase of air power in the Southwest Pacific was probable. Actually, one of the assumptions underlying American war strategy is that invasion of Australia is unlikely. One effect of this strategy, with its first emphasis on Europe, is that anything beyond very gradual increase in Pacific air power is now impossible...
...Machines Corp. He was No. 2 on the 1939 list of the top ten salaries ($442,560). Of this honorarium, $100,000 was salary. Most of the rest was extra compensation, in lieu of royalties, on his patents. After a $6 dividend to stockholders, Tycoon Watson took 5% of net earnings...
...Watson is a trustee of the Carnegie Endowment for International Peace.) Result of his abnegations: President Watson received a mere $428,189 from I.B.M. in 1942. Of this, $325,549 was extra compensation, which would have been $524,299 had it been computed on the basis of 2% of net earnings on non-munitions business only. But he was cutting down magnificently: of 1942's $428,189, Federal and State taxes took...