Word: profitability
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Dates: during 1950-1959
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Conscientious Agriculture Secretary Ezra Taft Benson strives to be a good Republican shepherd to U.S. farmers, hopes mightily to lead them out from under the oppressive fold of Government regulation, so that they can profit by their own ingenuity and hard work, and not by scandalous subsidy. Last week Ezra Benson's conscience clashed with Jim Mitchell's conscience over migrant labor in one of the few public Cabinet rows of the Eisenhower Administration...
...Losses. The planemakers are not yet making money on their commercial jets, although the jets have proved to be enormously profitable to the airlines. Boeing has delivered 55 of its 7075, has orders for 197 in all. But it still needs orders for 50 more before it can hope to turn a profit, is losing $500,000 to $750,000 on each one it delivers. Douglas Aircraft last week won FAA certification for its DC-8, which will be put in service this month by United and Delta airlines. Even though Douglas has 143 planes on order, it needs...
...Thin. The swiftest and most profitable shift from planes to missiles was made by the Martin Co., simply because it had no choice. It was either that or go broke. When George Bunker, a corporate rescue expert, took over as boss in 1952, the company was deep in the hole (1951 loss: $22 million.). Bunker easily saw that Martin had no future in planemaking. He shifted into missiles and electronics, busily worked to get dozens of Government contracts that looked none too inviting to other companies, because the profit was less than on commercial business. Now Martin has contracts...
...shock and a surprise" to Americans, who have been "perhaps somewhat naively proud" of the part U.S. capital has played in the economic development of friendly nations -and particularly in Canada's postwar boom. Since 1953, he said, for every dollar withdrawn from Canada as an investment profit, U.S. firms have reinvested more than $2 in Canada's long-term growth. They have paid $450 million yearly in Canadian income taxes, built up some of Canada's most profitable exports, e.g., nearly $1 billion in pulp and paper sales annually to the U.S. Said Kearns: "We have...
...with Grant (now 83 but still active as board chairman), have waged a major campaign to shift Grant out of drab downtown locations into suburban shopping centers. Result: Grant's sales in its 770 stores have jumped to $432 million. The company has never failed to show a profit, never skipped or reduced a dividend...