Word: pretax
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Dates: during 1980-1989
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...single recipient of giving: $37.7 billion a year is raised by religious organizations and agencies. Corporations, with their stockholders to worry about, give far less (about $4 billion last year), but in the past decade some 1,600 U.S. companies have pledged to give 2% to 10% of their pretax profits to charity...
What Capital Cities is buying is the TV network that, despite its laggard ratings, is America's most consistently profitable. From 1977 to last year, ABC led CBS and NBC in pretax earnings and revenues, a sharp improvement from its early years of being the network everyone joked about (see following story). In 1984 ABC's pretax profits were $428 million vs. $409 million for CBS and $218 million...
...their Phillips stock rise from less than $40 when the battle began to the mid-50s in December and close last week at 49 3/ 8. The clearest winners were the raiders. Centimillionaires already, they became richer still. Pickens and his partners walked away with an $89 million pretax profit, while Icahn will gain at least $50 million for 30 days of high- pressure maneuvering. Said he: "I'm happy the shareholders benefited. But I'm no Robin Hood. I enjoy making the money...
...problem Janeway does not face is a lack of resources: the Globe's parent company has made a pretax profit of $40 million for the first nine months of 1984. He recognizes the paper's complex and imperfect character. "I want to nourish the traditions of individuality and crusading," he says, "but I may put greater emphasis on other flags we salute, such as consistency and keeping opinion out of the news columns." Adds Winship modestly: "Mike may be better at keeping the paper steady than...
When U.S. Surgical Corp. of Norwalk, Conn., piled up pretax profits of $32.9 million between 1979 and 1981, its top officers gave themselves rich rewards. The bosses enjoyed their bounty until earlier this year, when the Securities and Exchange Commission ordered the bonuses paid back. President Leon C. Hirsch, for one, agreed to relinquish $317,000. A probe of U.S. Surgical's books, the SEC claimed, had discovered that the company padded its 1979-81 profits by more than $18 million...