Word: overheads
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...giant record companies have grown so enamored of the successful rock market that they have passed up many smaller pockets of popularity in jazz, folk and urban-teen music. Like boutiques, the tiny firms cater to special tastes and keep overhead low. Major labels sometimes spend as much as $500,000 to record and promote an album, which means they must sell at least 200,000 disks to make a profit. The independents can earn money on record sales of 1,000 or less...
...company, an investment estimated at $84 million, and began bringing pressure on ITT officials to break up the firm, arguing that the parts of the conglomerate were worth more than ITT as a whole. Said Jacobs at the time: "ITT's management has created such a monster of overhead in its operations that something's got to happen." Partly because of those attacks, ITT decided in January to sell off $1.7 billion worth of subsidiaries...
...appalled that the Crimson endorsed the signing of an agreement between Harvard and Navy ROTC. In the context of last year's decision by the faculty to pay for the overhead costs of ROTC at MIT and ROTC refusal to allow gay people to participate in its programs, the provision to award academic credit for some ROTC courses is a sign that Harvard endorses discrimination against pay people in its academic programs. What if Harvard gave students academic credit for a course which no Black students would attend? Would not this be seen as Harvard endorsing discrimination? Harvard acceptance...
...wants to break up the company. The stock now sells for only about $32 per share, and analysts estimate that stockholders could get up to $60 per share if all the parts of ITT were sold separately. Says Jacobs: "ITT's management has created such a monster of overhead in its operations that something's got to happen...
...helicopter hovered overhead, dozens of policemen set up barricades, blocking the approaches to the yellow brick courthouse on Piekarska Street in the provincial city of Torun, 100 miles northwest of Warsaw. The strict security precautions seemed grimly ironic, considering the fact that the four men who were brought to trial in handcuffs last week were, like the policemen outside, employees of the Ministry of the Interior. The four, all secret policemen, are charged in the plot to abduct and murder Father Jerzy Popieluszko, 37, a Roman Catholic priest who was an outspoken supporter of the banned Solidarity trade union...