Word: profitability
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Dates: during 1950-1959
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...Passed, after a long and lackluster debate, a bill raising the U.S. minimum wage from 75? to $1. The 362-54 vote came over Administration objections that a minimum wage of more than 90? would work a hardship on some small businessmen with narrow profit margins. If signed by the President, the bill (already approved in much the same form by the Senate) may give pay raises to some 2,000,000 workers...
...Neil was flown back to General Tire's Akron headquarters to get the board's approval, finally stumbled into bed, groaning: "I haven't had any sleep for 36 hours. He's a very clever man, a very clever man." Hughes's estimated profit: about...
...Makes Money." But the profit to Hughes may be small compared to what O'Neil hopes to make on the deal. On past performance, he may be just what RKO needs. A burly (6 ft. 4½ in., 215 Ibs.) ex-Holy Cross ('37) football end, O'Neil first learned his way around his father's tire company after college, did a four-year stint in the Navy, part of it skippering an LST in the Pacific. When he got back in 1945, he went to work for General Tire in earnest. Three years before...
They had more opportunity for "spot" commercials, could sell time on local rates, did not have to split fees with the networks. So far, General Teleradio's 30 rental films have grossed $2,100,000 for Mutual, more than $600,000 profit on the overall deal. O'Neil thinks this is just a beginning. With RKO's fully equipped studio he can make still more films, both for TV and movie theaters, can either produce and distribute the pictures himself or hook up with independent producers who need space and outlets for their films -a three...
...Angeles' NORTON SIMON, 48, who built Hunt Foods into the country's fourth biggest canner of fruit and vegetables (1954 sales: $66 million), has used his profits to move into other fields. In 1946 Simon went into Ohio Match, whose stock was selling at some $2,500,000 below net worth. He had so many good ideas that the directors offered him a voice in company policy without a fight, saw their profits soar. Later, to get wood supplies for Ohio Match, he invested some of its cash in the Northern Pacific Railroad, which had big timber tracts...