Word: profit
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...plan to build a hotel on the Quincy Square spot currently occupied by the Gulf station. Landes asked why, when the University is having so much trouble finding places for professors to work, would the administration propose to devote resources and valuable space for what would primarily be a profit-making venture...
Landes' criticism is not only valid, but eye-opening. Until now, opposition to the hotel plan, which would replace the Harvard Motor House, has centered around whether it is appropriate for the University to involve itself with a purely profit-making scheme. Landes points out something which has been overlooked, which is that the hotel would be built at the expense of academic concerns...
...dictator it would be tricky, because raising tax rates does not necessarily raise more revenue. Raise capital-gains rates to 100%, say, and far from raising more tax revenue you would raise virtually no tax revenue: no one would sell anything in which he or she had a profit; he'd just hold on until some sensible politicians came along and lowered the rates.* Impose a tax on securities transactions, and you simply drive the securities business to London and Tokyo. Ultimately, you'd only enrich the British and Japanese. Raise corporate tax rates past a certain point...
Results: the company, which lost $45 million in 1985, made a $73 million profit in 1987. Stephens credits middle managers who helped run the company while top executives were working on the reorganization plan. But the spotlight is on the gung-ho Stephens, a onetime paper-mill worker who joined Manville nine years ago. As the company's chief financial officer, he was the architect of the reorganization and moved...
...University was not making profits or losses on the rent-controlled property at the time of the October sale, said Sheldon G. Tandler, comptroller of Harvard Real Estate, which managed the building. "Harvard is not involved in maintaining rent-control property for a profit. In fact, it breaks even. It operates the property to break even," he said...