Word: pretax
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...yellow has paled considerably since the days of "Tarn" and "Bon," and so has the Post's financial picture. This year, for the first time, the Post was overtaken by the News in daily circulation, 271,000 to 260,000. Worse, pretax profits for the first eight months of 1980 plummeted to $78,000, from $3.6 million for the same period in 1979. Finally, because of a tangled financial scheme originally designed by a Bonfils heir to prevent the paper from falling into outsiders' hands, even those slim profits have been drained off to support part of Denver...
...International had acquired 9.2% of the outstanding shares, he offered to buy the airline. National-almost three times bigger than Texas International-was horrified. Pan American World Airways eventually outbid Lorenzo with a $300 million offer, thereby allowing Texas International to sell its National shares for a $47 million pretax profit. Last year Lorenzo went after Trans World Airlines. Over breakfast at New York City's Carlyle Hotel, he told TWA Chairman L. Edwin Smart that he wanted to buy the troubled airline, which is ten times the size of the Texas upstart. The offer was quickly rebuffed...
...past couple of years. His usual fee: $5,000 a speech; at times, triple that. The Speaking Bureau's revenues from December 1978 through October 1979 (the latest figures) were $462,886, of which $166,694 went for expenses (mainly staff salaries), leaving Reagan with a pretax profit...
Vickers, whose arms once rivaled those of Krupp, is only slightly healthier. Still an important defense and marine engineering contractor, the mighty firm has been suffering from anemic sales since 1977, when the government nationalized its shipbuilding and aircraft operations. Over the past two years, pretax profits have fallen 34% to $15.4 million...
...Valente affair is another in a long string of embarrassments for the company since 1968, when NBC Founder Da vid Sarnoff handed his firm over to Son Bobby. Bobby Sarnoff, an erratic administrator, plunged the firm into computers, where it eventually had to write off a $490 million pretax loss. Sarnoff s successor, Anthony L. Conrad, resigned in 1976 after informing the board of directors that he had not filed income tax returns for five years...