Word: profitability
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Dates: during 1950-1959
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...back because of high rates, many financial men from coast to coast are dead set against cheaper interest. They argue that it does not create as much demand for loans as reducing reserve requirements to make more loanable funds available. Besides, say bankers, lower rates mean trouble on the profit and loss statement...
...called the Philippine Coconut Producers' Federation permission to barter copra for foreign goods. The federation, Senate investigators later learned, was merely a front for a naturalized Chinese operator who exported only a fraction of the copra he was supposed to, but managed to reap a tidy $600,000 profit by selling to Manila merchants his dollar import allocation...
...Sahl legend continues to grow. Often mercilessly abusive ("I see where J. Edgar Hoover has written a book. I think it's called How to Turn In Your Friends to the FBI for Fun and Profit"), sometimes sharply on target ("The reissue title of this paperback book is Here Is My Flesh, which originally appeared as An Introduction to Accounting"), Sahl flays both political left and right, freewheels through a labyrinth of rambling asides to his punch lines...
...decided that plane contracts alone were not enough to see the company through the postwar readjustment. Operating out of a trophy-filled office resembling the living room of a big-game hunter, which he is, Dick Boutelle's first move was to stalk any idea that promised a profit. He toyed with a lightweight train, a gasoline-filled glider as an aerial tanker, even a mechanically operated wild-turkey caller. "We'd even make corsets if we saw a profit," said Boutelle...
...hitting on the right answers often enough, Boutelle boosted sales from $30.5 million in 1948 to $158.6 million last year, now has a $170 million backlog. Profits jumped from $1,211,563 in 1948 to $4,270,650 in 1955, then slipped to $1,951,484 in 1956, $503,331 last year because of a heavy write-off on the F27. Going into 1958, Fairchild is still writing off on the F27, and will probably show a net loss for the first six months. But the company expects military and civilian orders to increase so fast during the latter half...