Word: procter
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Steelmen were not the only businessmen thinking about profits, and prices. Procter & Gamble's Richard R. Deupree reported that P. & G. had rolled up record profits. P. & G. reported net profits of $20.2 million in six months v. $17.1 million in the corresponding period a year ago. But P. & G. had also set aside $28.5 million, which came out of profits, as a cushion against a possible loss on inventories. That was double what it set aside for the same purpose for the whole preceding year. In explaining this enormous set-aside, Soapmaker Deupree pointed out that...
Many employers are unaware of the problem facing College graduates, for they tend to feel, as did a representative of Procter and Gamble, that "all boys at Harvard have openings in their fathers concerns." In spite of this attitude only five percent of the undergraduates expect such is future according to a poll distribued by the Office last year...
...paper Yale has much the better material and much the better football players and much the better of everything with the exception of coaching . . . But there are bonfires blazing in young hearts, this day of the game . . . and somewhere on this Harvard squad there is a Swiscki or a Procter whose name will shout at you from tomorrow's headlines, for this Harvard team will win." --November...
Empire Employees. Many of the new leaders-U.S. Steel Corp.'s Ben Fairless, Lever Bros.' Charles Luckman, General Electric Co.'s Charles E. Wilson, Henry Kaiser, Eastern Air Lines, Inc.'s Eddie Rickenbacker, Procter & Gamble Co.'s Richard R. Deupree, Sam Goldwyn and Radio Corp. of America's David Sarnoff -fitted the rags-to-riches pattern set by some of 1917's tycoons. And some of the leaders still had the old empire-building names-Harvey S. Firestone Jr., Henry Ford II and Nelson Rockefeller...
Soap Down. Soap manufacturers, who cut wholesale prices 10% only two months ago, announced new reductions. Procter & Gamble Co.'s cut averaged 5%, Colgate-Palmolive-Peet Co.'s 8%, Lever Bros. Co.'s 5%. Reason: declines in prices of oils and fats...