Word: profitability
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Dates: during 1950-1959
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Disraeli.* It would matter more to the mob that Nasser's figures were wrong: the Suez Canal's net profit last year was $30.5 million. To clear $100 million a year, Nasser would have to more than double its already-steep tolls (about $8,000 one way for a laden 16,600-ton T-2 tanker...
...Curtiss-Wright President Roy T. Hurley, himself a veteran automan, who learned the fine points of the industry as Ford's director of manufacturing. Taking over Curtiss in 1949 when it was doing poorly, he cut costs and boosted production so effectively that the company turned a profit of $35 million in 1955. Now, with the Studebaker-Packard deal, he is going back to a business he knows even better...
Many companies sacrificed profit gains to plow back huge amounts into research and development. Douglas Aircraft, which increased first-half sales by $17.2 million, saw its net drop from last year's by $860,000. Reason: huge research costs for the Douglas DC-8 jet transport. Better off was Cessna Aircraft. Its big spurt in private aircraft sales returned net earnings of $3.83 per share for the nine months ending June 30, up 50% from a year...
...which has handled several thousand trade-in deals, sends appraisers to the prospective buyer's old house, tries to offer a fair market price. Once the deal goes through, Standard modernizes the trade-in, gives it a fresh coat of paint, then sells it. Standard expects little profit on the old house, makes its money on the new ones it sells...
...disprove the theory that bigness automatically brings diminishing returns, and that there is thus a built-in check on size. Said the institute: "General Motors' net sales in 1955 amounted to $12,433,277,000, or more than ten times G.M.'s sales volume in 1935. G.M. profits [for 1955] were $1,189,477,000, or about $34 million more than their total sales in 1935. According to all classic economic concepts, such a growth ought to have been accompanied by diminishing returns, [when] each further increase in size is compensated by a reduction in the margin...