Word: profitability
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Church Pension Fund held its 21st annual meeting in Manhattan, heard from its President William Fellowes Morgan that its assets now stand at a fat $33,000,000. A new problem, however, faced the Fund-the possibility that the Social Security Act may soon be amended to include non-profit organizations, thus piling a 3% tax upon the 7½% of clerical salaries which Episcopal dioceses pay annually into the Fund...
...other words, in the main they were wash sales to create a profit that did not exist, and what is missing is the alleged profits plus expenses and blackmail money paid to maintain...
Further remodeling, the Council recommended: extending coverage immediately to some 2.800,000 ineligibles, including seamen, bank employes, and employes of non-profit religious and educational institutions, and by 1940 to 12,000,000 farm laborers and domestics; a study of the "administrative and financial problems" involved in Social Security for "self-employed" citizens, principally the nation's 32,000,000 farmers...
...introduced to Julian F. Thompson, who worked for Bond & Goodwin, Inc., New York investment house. Mr. Thompson looked over Girard & Co.'s books and found them showing such good profit that he did not bother to investigate Mr. Coster personally before arranging additional bank credit for Girard & Co. Next year he helped Coster borrow from Connecticut bankers $1,000,000 with which Coster bought the 105-year-old drug firm of McKesson & Robbins...
...after McKesson & Robbins had shown a $600,000 profit under the Coster management, a syndicate of underwriters floated a $10,000,000 stock issue. With that money Coster began putting together a nationwide distributing organization under the name of McKesson & Robbins, Inc. Frank D. Coster became F. Donald Coster and moved to Fairfield, Connecticut, to live in smug respectability. Julian Thompson quit Bond & Goodwin to become treasurer of McKesson & Robbins...