Word: profit
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Dates: during 1930-1939
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Last year more than $75,000,000 from football gate receipts went into the treasuries of U. S. colleges. This year Notre Dame alone will have a football income of almost $1,000,000. The University of California showed a net profit of $299,425.61 on its books at the end of the ten-week football season last year, after guarantees to visiting teams had been paid and deductions made for expenses. In addition to the season's income, California received $104,000 for a side job: playing in Pasadena's Rose Bowl on New Year...
Thomas Bayne Wilson, former clerk and traveling auditor for the Southern Pacific Co., branched out nine years ago, became president of Pacific Greyhound Lines Inc. which he had merged from half-a-dozen motor transport companies. After nursing Pacific Greyhound through 1932 with a $412,960 profit, he was appointed Vice President and General Manager of the Alaska Steamship Co., boosted its business 50% between 1933 and 1937. Last week, to fill an old vacancy, he was elected board chairman of Transcontinental & Western Air, Inc., which has long wanted directors with broad transport experience. Quiet, energetic Thomas Wilson...
...undergraduate daily admits that there will be "some shrinkage in revenue" but answers that "this loss would not be sufficiently important to justify the suicide schedule purely as a profit making venture...
Surprising fact is, the vast majority of profit-sharing plans have been suggested by owners and managers, not by employes. Every labor leader since Samuel Gompers has been flat-footedly opposed to profit-sharing except under special circumstances. Management generally thinks of it from one of four angles-promotion of employe security, improvement of employe-owner relations, solution of social problems, or as an incentive to increase production. Labor leaders dislike it because it makes unionization more difficult; causes particular companies to deviate from standard union wage scales; represents deferred compensation which workers would rather have weekly; and, finally, opens...
Fitting themselves into this jigsaw puzzle of conflicting theories has led the sponsors of profit-sharing into dozens of applications: cash bonus plans, stock purchase plans, semi-retirement plans, etc. Procter & Gamble's is the best known in the U. S., with 50 years of success behind it. Its employes kitty in 5% of their wages. The company matches this with a contribution of 5% of the worker's wage for the first two years, increases this to a maximum of 15% by the time the worker has served 15 years. The fund is used to purchase stock...