Word: profitability
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Dates: during 1950-1959
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...modern engineering: one of the world's longest single-span freight tramways, stretching 9,010 ft. across and 2,800 ft. up to the south rim. Its purpose: to haul bat manure out of caverns where it has lain for ages and hopefully net the haulers $12.5 million profit on a $1,000,000 investment...
...operator of station WOL, plans to string coaxial cable along telephone lines, charge subscribers $8 to $10 a month for first-run movies, operas, Broadway plays, sports events. System is same as one tested in Bartlesville, Okla. (TIME, Sept. 16), and company will need 200,000 subscribers to make profit...
...angry was BOAC's Managing Director Basil Smallpeice, who let Bristol have it on the chin. When Bristol's short-range Britannia 102s finally went into service from London to Johannesburg last February, said Smallpeice, they were 19 months late, which held down BOAC's net profit in fiscal 1956 to $850,000. Yet the 102's tendency to ice at high altitudes has still not been licked. During 1956, Bristol tried to correct the icing, which caused dangerous flameouts. Finally, it devised a still not entirely satisfactory solution: a platinum glow plug "pilot light" that...
...engines are the world's most powerful (in military trim, each develops 20,000 Ibs. of thrust, 25% greater than any U.S. or British engine in production), but are so fuel thirsty that no nonsubsidized airline could operate the planes at a profit. Some of the radio equipment, including an obsolete, ice-catching clothesline antenna, is far below U.S. standards. Outside, riveting on the plane's skin was inferior. The galley had ornate wood paneling, but no refrigeration...
...Cooperative Association: clerks and salesgirls were elected to the store's board of directors, were sole arbiters of the store hours and holidays. The employee-directors did not work out. But other benefits took firm hold: an employee restaurant, a clinic, a library, a clubhouse, a credit union. Profit-sharing, retirement benefits, summer Saturday closings, systematic job evaluations, even sending executives to the Harvard Business School-all were pioneered by the Filenes. Said Lincoln: "Every release of the worker to more use of his mind, every addition to his skill, means steadily better wages. Society can well afford...