Word: profitability
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Dates: during 1950-1959
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...been closed by U.S. Supreme Court. Reversing lower court decisions, high court ruled that unrestricted options (about 10% of all plans) giving employee "proprietary interest" in company come under normal income-tax laws. Any profit between option price and market value is taxed at ordinary income rates, at the time when employee picks up the option. Profits on more popular restricted options (employee cannot buy at less than 95% market value at time option is granted, cannot sell for two years) are still considered capital gains, are not taxable until stock is sold...
Promotion & Profit. If any Western company could have hidden Red China's tiger successfully, it was C. V. Starr and Co., which directs a network of worldwide (69 nations) insurance companies. Its chairman is Cornelius V. Starr, an old China hand and more recently a U.S. skiing fan. (He has turned Stowe, Vt. into one of the top U.S. ski resorts.) Starting in China in 1919, Starr's group built its American-Asiatic Underwriters into Asia's biggest insurance operation, with more than half of China's total business; it accumulated large real-estate holdings, opened...
...happen. The way to prevent it is to shape the U.S. armed forces so that they can clearly strike back instantly and devastatingly at any aggressor, thus make him realize that if he begins a war, it will be concluded-as Air-Power Man Curtis LeMay says-without "profit" to himself. Therefore, for the first time in military annals, the primary mission of the U.S. armed forces is not to prepare and plan for long war, but to array themselves as a powerfully armed, well-deployed ready instrument of deterrence...
From Block to Chip. Although it is the youngest of rubber's Big Four (after Goodyear, U.S. Rubber, Goodrich), Firestone is the world's second biggest rubber company, just a shade behind Goodyear, with 1955 sales of $1.1 billion and a peak profit of $55.4 million. Firestone's start in 1900 was as hard as the jolting, solid-rubber tires of that day. It had to buck furious price competition and inflexible patent monopolies, waited three years before turning its first profit. Then it moved fast. Founder Harvey S. Firestone Sr. developed one of the first pneumatic...
...year's end Barbara was stunned to learn that Rancho del Monte had turned a profit of $4.98. "Do we take that four ninety-eight profit and plow it into a fund for our old age?" she asked. "We do not," Bill said stanchly. "We put every penny of it back into the ranch." After a hectic visit to New York which showed her just what she was not missing. Barbara agreed...