Word: profitability
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Dates: during 1950-1959
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...keep its influence in both Arab camps. But could the Kremlin restrain its Iraqi partisans without in time destroying their enthusiasm? And was it enough for the Kremlin to remind Nasser sensibly of his economic dependence on Moscow? That unpredictable man had been known before to prefer pride to profit...
...benefited most from the fast rise is an up-from-the-sidewalks Canadian financier and promoter, Louis Arthur Chesler, 46, chairman and prime mover of both Universal and General. Lou Chesler came to the U.S. three years ago with $4,000,000, has since run up a paper profit of $70 million on his Universal and General holdings alone. Yet few Wall Streeters know him, since he keeps in the background, trains the limelight on his U.S.-born junior partners...
...work to expand the company. General's earnings rose from $2.1 million in 1957 to $6.6 million in 1958, or $2.80 a share. Yet this is not cash on hand. When General sells an $895 lot for $10 down and $10 a month, it counts the full profit on the sale as current profit, even though it will not receive it all for 8Jr years. To bolster its cash position and permit it to expand, it is closing a deal with the Prudential Insurance Co., which will buy $10 million in General Development bonds...
...determinants in social and political development of the world's peoples. A study of the appropriate geography would seem to be a necessity in the Regional Studies Program; suitable courses would also grace undergraduate programs. Whether flat, spheroid, or pear-shaped, the world could be studied with profit at Harvard...
...fiercely competitive trade with big risks, small profit margins and notoriously old-fashioned business methods, the launching of new firms is rare. Said one intrigued bystander about the Knopf-Haydn-Bessie venture: "[It is as if] the presidents of General Motors, Chrysler and Ford left their jobs to start an automobile company." Said one publishing bigwig, who lunched with Random House Boss Bennett Cerf a week ago: "When the rumor came up, Bennett's face was a real study...