Word: payoff
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Dates: during 1960-1969
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...payoff on these conservative policies is the best profit record in the appliance industry. Though its sales last year ($109.6 million) put it only 373rd on FORTUNE'S list of the top 500 U.S. corporations, Maytag ranked 19th in profits on invested capital (21.2%). This year the company controlled costs so well that second-quarter earnings were up 33% even though sales remained almost identical...
...descendant of a slave is about to enter Mars Hill College, bringing to an end 105 years of segregation at the Baptist school in western North Carolina.* Her admittance means something more: the payoff of a novel moral debt...
...water systems, several insurance companies and a corralful of other properties. Not content with making the building supplies for the houses they construct, they build the roads and the streets over which the supplies are transported. Says Clint Jr. with a grin: "We like to get our payoff coming and going...
...Texas victory was the payoff on a cool gamble in which the odds at first seemed to favor the tough and elegant Kirby, heir of one of the founders of the F. W. Woolworth Co. Last year Kirby maneuvered the Murchison brothers out of control of Investors Diversified Services, the nation's largest (assets: $3 billion) complex of mutual funds, and returned control to Alleghany. Encouraged by their wily father, Oilman Clint Murchison Sr., 66, the young Murchisons replied by opening a fight for mastery of Kirby's Alleghany itself...
...smiled, and said: "It's a success.'' That the U.S. had been willing and confident enough to attempt the flight in public view was a fact that could only impress the world. Wrote London's Daily Telegraph, in apt summation of the gamble's payoff: "Technically, the Americans were runners-up. Morally, the cup is theirs. Nobody can doubt that Commander Shepard really...