Word: profitability
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Dates: during 1950-1959
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...prejudices seem to have set themselves deep in American attitudes towards education: First, demands for equal rights often fail to recognize unequal talents--many complain that to select certain gifted students for special instruction violates the democratic principle. Secondly, American emphasis on material success measured in terms of financial profit scorns the academic world as largely useless, except in its strictly vocational manifestations...
...been a top food and foreign-trade adviser to Presidents Roosevelt, Truman and Eisenhower. His successor, Mortimer, was chairman of the star-studded Advertising Council from 1947 to 1950, headed the United Community Campaign fund last year. Under him, each General Foods' sales dollar has brought a pretax profit of 10? v. 7? for its chief competitor, Standard Brands (Chase & Sanborn coffee. Royal Gelatin, etc.), and General Foods' stock has risen from $30 in 1954 to $57 last week...
Aerial Taxis. Flying a fleet of 36 planes, mostly new Super Constellations, to 80 cities in 27 lands, Qantas is one of the few government-owned lines that is run like a private business, has never failed to turn a tidy profit. Qantas could hardly fail, since Australia is isolated from the rest of the world and planes are the only means of swift travel. This year it expects to gross at least $70 million, with a net profit of $2,000,000, both up close to 40% since...
...first time in his twelve years as president of the United Auto Workers, Walter Reuther took a licking. With auto-industry contracts due to expire this week, Reuther last week jettisoned his key demand-for profit sharing. He issued a face-saving statement that profit sharing "was never a demand, but a mechanism for giving the stockholders, consumers, workers and managers their just equities.'' This fooled no one. Behind closed doors Reuther himself had told unionists that they must cut their demands, take "a more realistic" approach to bargaining. He decided to drive for a 10? hourly wage...
...much bigger reason for the new interest was continued gossip that the U.S. will soon raise the price of gold from $35 an ounce, where it has stayed since 1934, to $40. Such an action, went the talk, would not only ease the profit squeeze on many of the world's mining companies, but would also stimulate foreign trade by increasing the foreign-exchange reserves of many U.S. friends and allies...