Word: profit
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Dates: during 1980-1989
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...campaign to get proxy statements explaining the breakup proposal into shareholders' hands and for a report from Booz, Allen & Hamilton, the powerful management consultant. The study showed that the sum of Trans World's parts was worth more than its whole. While TWA has not earned a profit domestically in almost a decade, Trans World subsidiaries such as Hilton International hotels, the Spartan Food Systems restaurant chain, Century 21 real estate and the Canteen Corp. vending-machine business were valuable and making money. The airline had a loss of $93 million during the first quarter of 1983, more...
...well as by the strike-weary workers, who voted 2 to 1 to accept it even after union leaders had recommended its rejection. While the company won its demand for a 37-month wage freeze, it also agreed to some pay increases. These include Caterpillar's first profit-sharing bonuses, which will bring the average worker a total of $558 in cash or company stock by 1985, plus quarterly cost of living adjustments. The hourly pay of union members consisted typically of $12.80 in wages and $6.74 in benefits before the strike...
While similar language and culture programs operate in Mexico, Guatemala, and Costa Rica, Treumann said that those schools are "designed for the purpose of making a profit," and don't immerse students in local life as fully as will the Nuevo Instituto...
David Whittey, executive director of Shelter, Inc., a non-profit group running one of Cambridge's three shelters, confirmed yesterday that the Dukakis administration has committed partial annual funding to a new shelter. But he added that other problems, such as finding a location, would have to be resolved before establishing the shelter...
Prins first persuaded his new employees to call off the strike, then talked them into accepting a profit-sharing plan instead of increases in salary and benefits. Next he traded in Jefferson's aging fleet of 120 buses for 100 new red-and-white ones that carry more passengers in greater comfort and at lower cost...