Word: profitability
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Dates: during 1950-1959
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...haven to be built in southern Florida for "lost, frightened, abandoned girls from ten to 18 who need care and help." Gregg, a onetime chorus girl accused of adult delinquency in the past (charges of drunken driving, resisting arrest, slugging cops), made it clear that her nonsectarian, non-profit project is no transient whim. Said she soberly: "It would help to correct the alarming rate of violence and abandoned sex that we read of every day. I want to devote the rest of my life to this...
...constitute something of a network itself. As boss of Hubbell Robinson, Jr. Associates. Inc. he intends to try everything possible-musicals, 90-minute dramas, special events, tape and film shows from all over the world. Since he will own all the shows himself and will continue to profit from their residual income long after he pockets his hefty salary checks, Hub Robinson has latched onto a classy mass indeed...
...Blough, who himself picked up most of his 19,302 shares of U.S. Steel stock (worth $1,800,000) through options, considers the incentive program "one of the great factors in the progress of the corporation." He points proudly to the fact that U.S. Steel's first-quarter profit of 9.9% on sales was the highest among the industry's major companies...
BLOUGH argues that the dollars corporations earn as profits have remained virtually stable for ten years, while wages have more than doubled throughout U.S. industry. In steel alone, employment costs have jumped at the compound rate of 7.9% each year since 1940. The industry still made a profit of 6.3% on its sales last year (an even better 8.7% for U.S. Steel), but Blough argues that profits still fall far short of the cash needed for expansion. U.S. Steel alone had to borrow $600 million in the last five years. As for inflation, Blough considers congressional suggestions of wage...
...March, intends to keep on exporting under his own label. To avoid arousing a protectionist outcry in the U.S., many Japanese manufacturers think a better way to keep on growing is to sell components to U.S. companies to assemble, thus dividing up the work and the profit...