Word: profitability
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Dates: during 1950-1959
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Setmakers blame the networks. "The most important reason for the lack of color television sales is the selfish attitude-the public-be-damned attitude-of the money-hungry, profit-hungry television networks [which] have refused to make any really serious effort toward heavy color programing," said Admiral Corp.'s President Ross D. Siragusa recently...
...Depression. One day he heard that Western Union wanted to build on a choice block near the financial district, so he bought a corner building as a toe hold, quietly worked out a deal with Western Union to pick up the rest of the property on percentage. His profit...
...beginnings, nonetheless, were undeniably socialist. A Land Authority began to enforce an old law limiting corporate sugar holdings to 500 acres, broke up the big mainland-owned companies, formed collective-like "proportional profit" cane plantations. A TVA-style Water Resources Authority took over power production from several private power companies, and began wide-scale irrigation as well. Using $10.7 million in treasury funds, Fomento built or took over factories to make cement, glass and cardboard (for rum bottles and cases), shoes, tile...
...turn, underdeveloped countries could profit from Puerto Rico by: ¶Replacement of hostility to private capital with an outright welcome, using tax incentives and hard-sell promotion. ¶ Official honesty; greasing endless palms frightens many businessmen. ¶ Sound planning and statistics. ¶ Playing down nationalism, working toward what Muñoz calls "the post-nationalist world...
...disaster in the postwar defense slump that its directors called in Yankee Banker Charles Francis Adams, of the famed Massachusetts Adamses, to put it back in shape. (Marshall resigned in 1948.) Adams found a storehouse of talented scientists. But they loved research more for its own sake than for profit. Adams began searching for ways to put their talents to work making money, later cut out such money-losing items as TV sets, decided that Raytheon's future lay in increasing Government work. He brought in Harold Geneen, former vice president of Jones & Laughlin Steel Corp., as executive vice...