Word: net
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Dates: during 1940-1949
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Ready Answer. The rest of the industry had a ready answer to the President's challenge. Walter S. Tower, president of the American Iron & Steel Institute, gave it. In 1948, said he, the industry had added 1,800,000 net tons of capacity. This year and next it will add 2,700,000 tons more and its total expansion bill will come to $2 billion...
...ahead to finish the job-and in his own way. To succeed McNabb, who died last week, the directors chose him president. At 29, he is boss of a company that sold $18 million worth of motion-picture cameras and equipment last year, and earned a net profit of some...
Lack of indoor space kept the team from practicing for a week, but the Watertown defenses were poor and the Crimson played most of the game near the other net...
...Payoff. Capital, too, proved worthy of its hire. Net profits for the year were an estimated $21 billion, compared to $17.4 billion the year before. (Industry's slice of the national pie was still slightly smaller than its record in 1929.) Though some of this profit was fictitious, i.e., a profit on inventory rather than actual sales, many an industry had done so well that even a drop in profits next year would leave it well off. As one businessman put it: "Our earnings have been superduper. From now on they'll be merely super...
...Other Side of Profits. "In what way?" shot back Wilson. "It's rotten business. It only makes 1.2% net." G.E.'s rate of profit on civilian goods-7.2% on $1.3 billion in sales-was not enough, said Wilson, to pay for expansion and to protect G.E. against a sudden sales slump...