Word: profit
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Dates: during 1980-1989
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...give California customers up to $4 billion in rebates and rate cuts, few checks will go out soon. The reason: the court held that insurers may receive exemptions from the rollbacks if they can prove that the new rates would be too low to assure a "fair and reasonable" profit...
...marketing and advertising firms so far. His most stunning triumph was the 1987 purchase of the JWT Group, an American conglomerate seven times the size of WPP. The $566 million deal was the first hostile takeover in the U.S. ad industry. Under WPP's control, JWT's pretax profit margin has increased from a weak 5% of sales to a respectable...
...rapid consolidation in the airline industry has created consumer benefits as well as disadvantages. The easing of the fare wars has enabled major airlines to make a profit, which in turn has fostered better service. The Department of Transportation's latest monthly report on airline performance indicates that fewer consumers are writing to the Government to gripe about problems like lost or damaged baggage. Only 933 complaints were registered last month, down from 2,100 a year earlier...
Then they go home and mull it over till the next big conference, which happens to be in June in Monte Carlo (admission $695, and no freebies). The title, "How to Profit from a World on the Brink," suggests several interesting possibilities: a) starting a financial newsletter; b) playing host to an investment conference and bringing in dueling newsletter editors for entertainment; c) before you subscribe or attend, locking up all your money in a certificate of deposit at 10%; or -- and we have to admit we like this one best, diversification being a very big idea in the investment...
...good deal for both schools and patrons. Proceeds from the dining room of little Dumas Pere culinary school in Glenview, Ill., a Chicago suburb, help underwrite tuition costs for the 14 students. "The course value is $28,000," says school director Juan Snowden. "But the dining room profit helps knock almost $20,000 off that." Mark Erickson, the director of culinary education at C.I.A., speaks for many food educators, though, when he says, "We're more interested in students' getting good training in the restaurants than in making a good profit...