Word: profitability
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Dates: during 1950-1959
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...United Auto Workers' Walter Reuther topped him. The U.A.W. decided Reuther's executive board this week, will patriotically forget all about its plan for a shorter work week in 1958 negotiations. Instead U.A.W. will couple its new demands for wage increases with a novel program of profit-sharing for wage-earners. And just in case this might not bring him a big enough audience, Reuther was ready to propose (but not "demand") that automakers also share their profits-in the form of rebates-with their customers...
...proposal seems substantiated by little more solid than a desire to make the Basin appear a great deal more valuable than it now is. By spearheading the fight to cloak the land with an apparent mantle of industrial value, Mr. J.B. Sullivan stands to make a considerable profit...
Those earnestly seeking to improve and modernize Cambridge should attack all instances of opportunism and profiteering which obstruct progress more than the tenacity of slum areas or the shortage of funds. To move forward, Cambridge must undermine all such schemes to profit by her desire...
...Profit Sharing. To clean up the bitter memories and the vast destruction left by Allied bombers, the government named Engineer-Lawyer Pierre Lefaucheux as boss. He refused to accept state subsidies. "If we do," said Lefaucheux, "the politicians will be telling us how to make door handles." Instead, he floated bond issues on the private market, got loans from U.S. and Swiss banks, used Marshall Plan money to buy machine tools and presses in the U.S. From the rubble rose some of the most highly automated factories in Europe. Renault also became a model of enlightened management...
...pushed output from 900 cars and trucks a day to 1,500 at present. He also steered sales from $409.6 million in 1955 to more than $500 million in 1957, including $130 million in export sales, making Renault the biggest French exporter. Of Renault's $14 million-plus profit in 1956, the state got $6,600,000 in taxes and $2,100,000 in after-tax profits. Another $2,100,000 was carved up among the workers in profit sharing, $3,100,000 went into reserves, and $300,000 was held as cash carry-forward. Dreyfus, the biggest...