Word: profitability
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Dates: during 1970-1979
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...TriStar drag that has left Lockheed trailing badly behind its chief competitors in the commercial aircraft market, Boeing and McDonnell Douglas. Last year all three had comparable sales: $3.2 billion for Lockheed, $3.5 billion for McDonnell Douglas and $3.9 billion for Boeing. But while McDonnell Douglas earned a profit of $109 million and Boeing $103 million, Lockheed netted only $39 million. Reason: an operating loss of $125 million on the airbus. The news this year is no better. In the first six months, Lockheed's profits rose to $25.5 million, from $22.2 million a year earlier, but they would...
...inevitable rebirth of the republic, and imagined conversations with Nixon and "Exxon"--an archetypal business executive who informs Mee that present governments are outmoded and that multinational corporations will inevitably rule the world. They will, Exxon says, be responsive only to "the reality of economics, the reality of profit and loss statements, to the making and distribution and consuming of things...
...York Times Co., which embraces nine smaller dailies, four weeklies, six magazines (including Us, circ. 500,000, a four-month-old imitator of Time Inc.'s PEOPLE), two broadcast stations, three book publishers and part of three Canadian Paper mills. Once an institution more interested in public service than profit, the New York Times Co. is now on Wall Street's goodbuy lists. After several years of see-saw profits (net income was $13.6 million in 1972. $20.3 mllion in 1974, only $12.7 million in 1975), the firm last announced that earnings for the first half of 1977 rose...
...over manpower because capital was always 1) cheaper to use than labor and 2) more productive. But machinery burns energy, and thus the quadrupling of oil prices by OPEC since 1973 has sent the cost of using capital through the roof, while wages have risen much more slowly. Result: profit-minded businessmen have had less incentive to substitute machines for manpower and are hiring more workers than usual...
...church is equally assertive toward outside critics. Scientologists have filed scores of lawsuits against skeptical journalists, dissident former members and Government agencies, which have long suspected the church of being a profit-making counseling outfit and no true religion at all.* These well-publicized tactics have helped Scientology grow to a claimed membership of 3.5 million (TIME, April...