Word: profitability
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Dates: during 1970-1979
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...traditional explanations were threefold: that lacking a profit motive, there is no incentive to run Government bureaucracies efficiently; that such organizations are, by size and character, unwieldy and unmanageable; and that the job security offered by the civil service system makes it impossible to fire incompetent employees...
...world loss of 2.5 million bbl. has still started what some oilmen describe as a wild scramble for crude in the free market. Since mid-December the spot price has nearly doubled, to at least $22 a barrel, vs. the OPEC cartel's price of $13.34. This windfall profit for European oil companies and oil traders acting as middlemen has riled the producing nations, which once again are wielding their monopoly power. They want higher prices for all their oil. "The oil companies are making excessive profits," insists Mani Said Utaiba, the Oil Minister for the United Arab Emirates...
...rents have lagged behind it. Says John Pfister, vice president of Chicago Title & Trust, a mortgage broker: "Most renters are getting a bargain. It is the landlords who are behind the eightball." The owner of an apartment building who converts it to a condominium or cooperative can reap a profit of 20%-and often much more -on his investment, and that becomes extremely appealing in times of cost crunch...
Last year, Raiffa closed the course with these words: "When we see we could improve our profit or further maximize our desired result, we might ask, Is this a 'dirty dollar' or a 'clean one' that we could earn here? What would happen if everybody did this? Would we be able to sleep at night if we did this? How would we feel if we had to explain this to our families...
...THIS SOUNDS very reasonable--if you are a corporate president or counsel. The students and others here expect more than textbook public relations gimmickry from a rich, non-profit and supposedly moral institution like Harvard. Yet, although the Corporation publicly refuses to apply political or moral criteria to its donors, Bok and the members of the Corporation do negotiate with and even reject the bearers of certain politically questionable gifts, albeit only in extreme cases. For example, Steiner this week revealed Bok's previously undisclosed rejection of a large donation from a "rather repressive government that seemed to be trying...